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This quiz consists of 5 multiple choice and 5 short answer questions through The Victorian World and the Underworld of Economics.

Multiple Choice Questions

1. The followers of Saint-Simone proposed an end to _________. (fill in the blank)
(a) Private property.
(b) Villages of Cooperation.
(c) Industrial production.
(d) Democracy.

2. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?
(a) Industial.
(b) Landholding.
(c) Poverty.
(d) Agricultural.

3. It is the forces of ______ that make the market function according to Adam Smith. (fill in the blank)
(a) Wealth.
(b) Gold.
(c) Nature.
(d) Competition.

4. The world of economics was subject to the ridicule of whom?
(a) Francis Ysidro Edgeworth.
(b) Leon Walras.
(c) Stanley Jevrons.
(d) Frederic Bastiat.

5. Between 1870 and 1914, what percentage of English savings were invested abroad?
(a) 50%.
(b) 25%.
(c) 20%.
(d) 10%.

Short Answer Questions

1. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?

2. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?

3. At the beginning of the 1800's, England had two strong classes emerge; an _________ class and an agricultural class. (fill in the blank)

4. The Victorian period marked the beginning of what important movement?

5. Adam Smith was a lecturer in what area?

(see the answer key)

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