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