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