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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. According to Marx, which class had something to fear?
(a) The working class.
(b) The foreign class.
(c) The farming class.
(d) The ruling class.

2. Who failed to recognize the wealth creating ability of labor?
(a) Locke.
(b) Quesnay.
(c) Hume.
(d) Smith.

3. Marx and Engels thought the revolution would occur in an advanced industrial economy like _________. (fill in the blank)
(a) America.
(b) England.
(c) Germany.
(d) France.

4. _________ is concerned with finding some reason for the cosmos. (fill in the blank)
(a) Ethics.
(b) Moral Philosophy.
(c) Religion.
(d) Natural Theology.

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

Short Answer Questions

1. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)

2. What nationality is Karl Marx?

3. What year was The Wealth of Nations published?

4. When investment is less than ___________ , there is depression. (fill in the blank)

5. Where did Keynes attend college?

(see the answer key)

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