View a FREE sample

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 Victorian Period.
(b) The Golden Age of America.
(c) The Roaring Twenties.
(d) The Great Depression.

2. What was Henry George a believer in?
(a) Socialism.
(b) Phrenology.
(c) Political economy.
(d) Imperialism.

3. According to Engels and Marx, what does "dialectical" mean?
(a) Chance.
(b) Change.
(c) Diverse.
(d) Discussion.

4. What was the name of Marx's devoted wife?
(a) Jane.
(b) Julia.
(c) June.
(d) Jenny.

5. Between 1870 and 1914, what percentage of English savings were invested abroad?
(a) 20%.
(b) 25%.
(c) 50%.
(d) 10%.

6. How many years did it take Marx to write Capital?
(a) 5 years.
(b) 12 years.
(c) 16 years.
(d) 18 years.

7. Where was Joseph Schumpeter educated?
(a) University of Vienna.
(b) Harvard.
(c) Cambridge.
(d) University of Chicago.

8. The Communist Manifesto first appeared in what year?
(a) 1844.
(b) 1828.
(c) 1848.
(d) 1833.

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

10. From where did Veblen graduate with a Ph.D?
(a) Harvard.
(b) Cornell.
(c) University of Chicago.
(d) Yale.

11. What did Edgeworth use to support his theories?
(a) Calculus.
(b) Algebra.
(c) Chemistry.
(d) Physics.

12. Veblen's family sent him to college to become __________. (fill in the blank)
(a) A minister.
(b) A teacher.
(c) A doctor.
(d) A lawyer.

13. Where was Joseph Schumpeter born?
(a) Australia.
(b) Austria.
(c) America.
(d) England.

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

15. According to The Communist Manifesto, what would be a transition period followed by pure Communism?
(a) Socialism.
(b) Capitalism.
(c) Populism.
(d) Phalansterism.

Short Answer Questions

1. Francis Ysidro Edgeworth was a graduate of what university?

2. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)

3. Hobson's views fit right into the views of whom?

4. Keynes thought the best way to stimulate a flagging economy was through __________. (fill in the blank)

5. What did Schumpeter call a person who introduced change into economic life?

(see the answer keys)

This section contains 312 words (approx. 2 pages at 300 words per page) View a FREE sample