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