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