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This quiz consists of 5 multiple choice and 5 short answer questions through The Contradictions of Joseph Schumpeter.

Multiple Choice Questions

1. _________ was based on true wealth only being created in agriculture. (fill in the blank)
(a) Laissez-faire.
(b) Agricracy.
(c) Physiocracy.
(d) Macroeconomics.

2. Heilbroner believes economists wield power greater than _________. (fill in the blank)
(a) Kings.
(b) God.
(c) Armies.
(d) Sword and scepter.

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

4. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)
(a) Socialsim.
(b) Imperialism.
(c) Phrenology.
(d) Political economy.

5. What year was The Wealth of Nations published?
(a) 1758.
(b) 1759.
(c) 1776.
(d) 1723.

Short Answer Questions

1. What nationality is Karl Marx?

2. One of the featured economists was never more than what?

3. What year did the British Labor Movement begin?

4. Mill's book pointed out that the true province of economic law was production, not _________. (fill in the blank)

5. The followers of Saint-Simone proposed an end to _________. (fill in the blank)

(see the answer key)

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