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