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Free to Choose by Milton Friedman, Rose Friedman
Contributed by: Miah
  • 1. What is the main theme of 'Free to Choose'?
A) Charity is the best solution to poverty.
B) Economic freedom leads to personal freedom.
C) Government regulation is essential for a fair economy.
D) Central planning is more efficient than a free market.
  • 2. What does Milton Friedman argue about government intervention?
A) It should be expanded in all sectors.
B) It often leads to unintended negative consequences.
C) It provides necessary safeguards.
D) It is always beneficial for the economy.
  • 3. According to Friedman, what is the main benefit of a market economy?
A) It allows for voluntary exchange.
B) It guarantees equal outcomes.
C) It eliminates competition.
D) It is easily controlled by the government.
  • 4. What role does Friedman believe that government should play?
A) Directing all economic activities.
B) Substituting private entities in all sectors.
C) Setting prices for goods and services.
D) Maintaining a stable framework for the market.
  • 5. Friedman argues that voluntary exchange benefits:
A) Both parties involved.
B) Only the stronger party.
C) Neither party.
D) Government interests.
  • 6. According to Friedman, what is the impact of price controls?
A) They always reduce inflation.
B) They stabilize the market.
C) They lead to shortages and surpluses.
D) They benefit consumers.
  • 7. Friedman discusses scholarships in the context of which topic?
A) Universal education funding.
B) Restricting access to higher education.
C) Government control of schools.
D) Educational choice and competition.
  • 8. What is the goal of 'Free to Choose' as stated by the authors?
A) To endorse government control of the economy.
B) To argue for complete economic equality.
C) To promote the principles of a free society.
D) To propose a revolutionary government change.
  • 9. What type of policy does Friedman caution against?
A) Long-term investment strategies.
B) Small government programs.
C) Public-private partnerships.
D) Discretionary fiscal policies.
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