View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Wonderful World of Adam Smith.

Multiple Choice Questions

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

2. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)
(a) Agricracy.
(b) Laissez-faire.
(c) Physiocracy.
(d) Macroeconomics.

3. The fact that man is _________ makes survival difficult. (fill in the blank)
(a) Self-centered.
(b) Antisocial.
(c) Clever.
(d) A slow learner.

4. What was the title of Adam Smith's first book?
(a) The Wealth of Nations.
(b) The Theory of Moral Philosophy.
(c) Essay on the Principles of Population.
(d) The Theory of Moral Sentiments.

5. The economist Adam Smith lived during which time period?
(a) The French Revolution.
(b) The American Gold Rush.
(c) The American Revolution.
(d) The Great Depression.

Short Answer Questions

1. What are economists considered by the rules of schoolboy history books?

2. The new philosophy of survival with the market system brought with it what new social problem?

3. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

4. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?

5. Who failed to recognize the wealth creating ability of labor?

(see the answer key)

This section contains 216 words (approx. 1 page at 300 words per page) View a FREE sample