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