Which of the Following Best Describes the Views of Milton

question 50

Multiple Choice

Which of the following best describes the views of Milton Friedman?

• A) Government is obligated to increase spending when private businesses are unable to stimulate growth.
• B) Government should let the growth in the money supply match the rate of economic growth.
• C) Capitalism promotes inequality that in time will harm the foundations of democratic governance.
• D) The government should enact high tariffs to make non-American goods too expensive to be competitive with American products.
• E) The economy has natural cycles of ups and downs,so government should let the market regulate itself.

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Definitions:

C4

A photosynthetic pathway that efficiently fixes carbon dioxide in plants exposed to high light intensity and temperature, found in many grasses and crops.

CAM

Crassulacean Acid Metabolism, a photosynthetic adaptation in some plants allowing them to conserve water by fixing CO2 at night.

Plants

Multicellular, primarily photosynthetic organisms of the kingdom Plantae, which play a crucial role in the Earth's ecosystems and human agriculture.

Carbon Fixation

The process by which inorganic carbon is converted into organic compounds by living organisms, crucial in the earth's carbon cycle.