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