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This quiz consists of 5 multiple choice and 5 short answer questions through The Visions of the Utopian Socialists.

Multiple Choice Questions

1. What is production dependent upon?
(a) Wages.
(b) Profits.
(c) Distribution.
(d) Nature.

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

3. "Each should do what was to his best monetary advantage" describes what system?
(a) Authority.
(b) Market.
(c) Religion.
(d) Tradition.

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

5. According to Malthus, how did nature control the resources of the world?
(a) Through death.
(b) Through war.
(c) Through poverty.
(d) Through famine.

Short Answer Questions

1. What year was The Wealth of Nations published?

2. What has played a central role in population control in the Western hemisphere?

3. How many of the economists featured in the book made their own fortune?

4. What does Heilbroner think is strange about ancient civilizations?

5. Where was Adam Smith educated?

(see the answer key)

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