With Which of the Following Would Milton Friedman Probably Agree

question 37

Multiple Choice

With which of the following would Milton Friedman probably agree?

• A) All people should have equal incomes.
• B) Economic and political freedoms are likely to be lost if we rely too heavily on government to solve economic problems.
• C) The nation suffers because too little is spent on governmental services such as transportation, education, and urban renewal.
• D) The price system involves substantial coercion and must be supervised carefully.
• E) Government tends to be more efficient and to respond more quickly than the market.

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Definitions:

Degrees of Freedom

The number of independent values in a statistical calculation that can vary without violating any constraints imposed on them.

ANOVA Table

A table used to display the results and sources of variance in an Analysis of Variance test, helping to determine if there are significant differences between groups.

Heart Rates

The number of heartbeats per unit of time, usually measured in beats per minute (bpm).

Stepping Rate

The frequency or rate at which steps are taken, typically used in the context of physical activity measurement.