B. Pre-reading exercises

C.2. Read the text again and complete the sentences using your own words as much as possible.

1. Others advocated a command economy in which ...

2. The reason that government intervention can impose even greater

cost on economy than market failure is that...

3. High rates of taxation started to ...

4. A market economy can function only if...

5. Classical economists urged that ...

6. Samuelson argues that...

7. Friedman sees things differently,...

8. Whereas Samuelson endorses minimum wage laws as a means of helping workers ...

9. Friedman suggested the "negative income tax," which ...