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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) Central planning is more efficient than a free market.
D) Government regulation is essential for a fair economy.
  • 2. What does Milton Friedman argue about government intervention?
A) It often leads to unintended negative consequences.
B) It provides necessary safeguards.
C) It should be expanded in all sectors.
D) It is always beneficial for the economy.
  • 3. According to Friedman, what is the main benefit of a market economy?
A) It eliminates competition.
B) It is easily controlled by the government.
C) It allows for voluntary exchange.
D) It guarantees equal outcomes.
  • 4. What role does Friedman believe that government should play?
A) Setting prices for goods and services.
B) Directing all economic activities.
C) Substituting private entities in all sectors.
D) Maintaining a stable framework for the market.
  • 5. Friedman argues that voluntary exchange benefits:
A) Government interests.
B) Neither party.
C) Both parties involved.
D) Only the stronger party.
  • 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 promote the principles of a free society.
C) To propose a revolutionary government change.
D) To argue for complete economic equality.
  • 9. What type of policy does Friedman caution against?
A) Public-private partnerships.
B) Long-term investment strategies.
C) Small government programs.
D) Discretionary fiscal policies.
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