Capitalism and Freedom by Milton Friedman

1. What is the primary thesis of 'Capitalism and Freedom'?

A) Economic freedom is essential for political freedom.
B) Government intervention is necessary for a free economy.
C) Freedom should be limited to economic aspects.
D) Socialism is preferable to capitalism.

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 economic system does Friedman endorse?

A) Free-market capitalism.
B) Mixed economy.
C) Socialism.
D) Feudalism.

5. Friedman argues that inflation is primarily caused by:

A) High wages.
B) Excessive money supply.
C) Low demand.
D) Increased taxes.

6. What type of education does Friedman support?

A) Corporate-sponsored education.
B) School vouchers.
C) Standardized public schooling.
D) Free education for all.

7. What is one criticism Friedman makes about government intervention?

A) It improves economic efficiency.
B) It guarantees social equality.
C) It is always based on sound economic theory.
D) It often leads to unintended consequences.

8. What does Friedman suggest about minimum wage laws?

A) They should be increased.
B) They are beneficial for all workers.
C) They help maintain living standards.
D) They can lead to higher unemployment.

Created with That Quiz — where a math practice test is always one click away.