|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. It was rumored that Veblen was fluent in how many languages?
2. How old was Veblen when he got his first paying job?
3. Between 1870 and 1914, what percentage of English savings were invested abroad?
4. Veblen's book earned him a reputation as a __________. (fill in the blank)
5. Keynes thought the best way to stimulate a flagging economy was through __________. (fill in the blank)
(a) Lower taxes.
(b) Higher wages.
(c) Private investments.
(d) Lower interest rates.
6. What year did Veblen die?
7. Where did Karl Marx and Friedrich Engels meet?
8. What was the name of the publication of Engels' impressions after working for his father's textile business in England?
(a) Principles of Political Economy.
(b) The Condition of the Working Class.
(c) The Wealth of Nations.
(d) Economic Laws of the Time.
9. What were the economic thinkers of the Victorian period known as?
(a) Political economists.
(b) The underground of economics.
10. Keynes was involved in what important conference after World War II?
(a) Bretton Woods.
(b) Peace Conference.
(c) United Nations.
(d) Conference at Vienna.
11. Who does Veblen present as the saboteur of capitalism?
(a) The farmer.
(b) The capitalist.
(c) The noble class.
(d) The leisure class.
12. What did Schumpeter call a person who introduced change into economic life?
(a) An iInventor.
(b) An innovator.
(c) An investor.
(d) An entrepreneur.
13. What was Henry George a believer in?
(c) Political economy.
14. From where did Veblen graduate with a Ph.D?
(b) University of Chicago.
15. Veblen was fascinated with how society was dominated by __________. (fill in the blank)
(a) The machine.
(b) The upperclass.
Short Answer Questions
1. What did Marx's father hope he would study?
2. How many years did it take Marx to write Capital?
3. The Communist Manifesto was the platform for _________. (fill in the blank)
4. Where was Veblen raised on a farm?
5. What was the title of Veblen's first book?
This section contains 346 words
(approx. 2 pages at 300 words per page)