The Worldly Philosophers Test | Final Test - Easy

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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The time period Veblen analyzes is referred to as __________. (fill in the blank)
(a) The Great Depression.
(b) The Roaring Twenties.
(c) The Victorian Period.
(d) The Golden Age of America.

2. During the Victorian period, economics became the province of __________. (fill in the blank)
(a) Landowners.
(b) Politicians.
(c) Lawyers.
(d) Professors.

3. What year did Veblen die?
(a) 1929.
(b) 1931.
(c) 1927.
(d) 1930.

4. Schumpeter's book makes a distinction between ___________ successes and sociological successes. (fill in the blank)
(a) Monetary.
(b) Economic.
(c) Philosophical.
(d) Global.

5. Critics of Edgeworth pointed to ____________ as evidence that man did not always act on his own behalf. (fill in the blank)
(a) Factories.
(b) Farms.
(c) Labor laws.
(d) Trade unions.

6. Where was The Communist Manifesto written?
(a) Paris.
(b) London.
(c) Brussels.
(d) Berlin.

7. The period that followed the stock market crash is referred to as __________. (fill in the blank)
(a) The Golden Age.
(b) The Fall of Mankind.
(c) The Great Depression.
(d) The Great Recession.

8. Schumpeter presents his views about the 1930's in his book called __________. (fill in the blank)
(a) Poor Economics.
(b) Innovators.
(c) The Great Depression.
(d) Business Cycles.

9. In what year is Schumpeter's book Capitalism, Socialism and Democracy published?
(a) 1944.
(b) 1932.
(c) 1954.
(d) 1942.

10. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)
(a) Profits.
(b) Wages.
(c) Investments.
(d) Incomes.

11. According to Marx, workers are paid _________. (fill in the blank)
(a) Profits.
(b) Surplus value.
(c) Subsistence wages.
(d) A pitence.

12. As imperialism waned or changed, what came into being?
(a) Free trade.
(b) Tarriffs.
(c) Imminent domain.
(d) Multinational corporations.

13. Veblen was considered by the academic world to be what?
(a) A flake.
(b) A nonconformist.
(c) A satirist.
(d) An economist.

14. What did Marx's father hope he would study?
(a) Politics.
(b) Law.
(c) Medicine.
(d) Religion.

15. Hobson's views fit right into the views of whom?
(a) Hitler.
(b) Stalin.
(c) Lenin.
(d) Churchill.

Short Answer Questions

1. The Communist Manifesto was the platform for _________. (fill in the blank)

2. What was the title of Veblen's first book?

3. Veblen attacked the rich as he looked for what he called the __________. (fill in the blank)

4. Where was Joseph Schumpeter born?

5. Who sent a letter to his business associates threatening to ruin them?

(see the answer keys)

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