Friedman Argues That

question 11

Multiple Choice

Friedman argues that

• A) although unethical, sometimes we must assign a monetary value to human life as a matter of practice.
• B) we can never be justified in assigning a monetary value to human life.
• C) everyone in society should be willing to sacrifice a little to save a life.
• D) None of the above

---

Definitions:

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.

Credit Availability

The ease with which individuals and businesses can obtain loans or credit, often influenced by interest rates and economic policies.

Price Level

A measure of the average prices of goods and services in an economy at a given time.