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Capitalism and Freedom by Milton Friedman - Exam
Contributed by: Blake
  • 1. What is the primary thesis of 'Capitalism and Freedom'?
A) Economic freedom is essential for political freedom.
B) Freedom should be limited to economic aspects.
C) Government intervention is necessary for a free economy.
D) Socialism is preferable to capitalism.
  • 2. Who authored 'Capitalism and Freedom'?
A) Milton Friedman
B) Thomas Piketty
C) John Maynard Keynes
D) Friedrich Hayek
  • 3. In which year was 'Capitalism and Freedom' published?
A) 1962
B) 1974
C) 1980
D) 1956
  • 4. What type of education does Friedman support?
A) Free education for all.
B) School vouchers.
C) Corporate-sponsored education.
D) Standardized public schooling.
  • 5. Friedman argues that inflation is primarily caused by:
A) High wages.
B) Low demand.
C) Increased taxes.
D) Excessive money supply.
  • 6. What is one criticism Friedman makes about government intervention?
A) It guarantees social equality.
B) It is always based on sound economic theory.
C) It improves economic efficiency.
D) It often leads to unintended consequences.
  • 7. What economic system does Friedman endorse?
A) Free-market capitalism.
B) Socialism.
C) Feudalism.
D) Mixed economy.
  • 8. What does Friedman suggest about minimum wage laws?
A) They are beneficial for all workers.
B) They help maintain living standards.
C) They can lead to higher unemployment.
D) They should be increased.
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