1. Most of the featured economists could never master _________. (fill in the blank)
(a) Wall Street.
(b) Their personal finances.
(c) Their personal lives.
(d) The social world.

2. _________ is a manner of organizing society so all tasks are performed. (fill in the blank)
(a) Social compatibility.
(b) Tradition.
(c) Self-reliance.
(d) Religion.

3. At the beginning of the 1800's, England had two strong classes emerge; an _________ class and an agricultural class. (fill in the blank)
(a) Urban.
(b) Wealthy.
(c) Landowner.
(d) Industrial.

4. What did Malthus believe was the basic trouble with the world?
(a) Too much war.
(b) Too many landowners.
(c) Too many people.
(d) Too few jobs.

5. What describes how investment can lead to greater output?
(a) Law of Population.
(b) Law of Economics.
(c) Law of Accumulation.
(d) Law of Assimilation.

Short Answer Questions

1. Malthus continued to work on his theory of population and the food supply and assumed that humans could double their number every _________. (fill in the blank)

2. The market system was compelled largely by what idea?

3. The mistakes of economist are nothing short of _________. (fill in the blank)

4. Heilbroner says the work of economist is both exciting and _________. (fill in the blank)

5. How many years did it take Adam Smith to finish The Wealth of Nations?

(see the answer key)

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