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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. What did President Hoover think would be banished from the nation in the late 1920's?
(a) Prosperity.
(b) Discrimination.
(c) Poverty.
(d) Investments.

2. Adam Smith was a lecturer in what area?
(a) Moral Philosophy.
(b) Religious Science.
(c) Economic Philosphy.
(d) Religion.

3. Where did Keynes attend college?
(a) Cambridge.
(b) Oxford.
(c) Yale.
(d) Eton.

4. Adam Smith was considered a non-conformist because he refused to do what before classes?
(a) Dress.
(b) Pray.
(c) Lecture.
(d) Prepare.

5. The society that Marx believed would follow capitalism would be _________. (fill in the blank)
(a) Well-planned.
(b) Wealthy.
(c) Classless.
(d) Profitable.

Short Answer Questions

1. According to The Communist Manifesto, what would be a transition period followed by pure Communism?

2. Keynes defines prosperity and depression in terms of what?

3. Keynes felt the business cycles had to be countered by __________. (fill in the blank)

4. Why does Keynes resign his position from the Peace Conference?

5. Adam Smith left his university position to become a private tutor and traveled through which country?

(see the answer key)

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