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