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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. What was the name of the publication of Engels' impressions after working for his father's textile business in England?
(a) Economic Laws of the Time.
(b) The Condition of the Working Class.
(c) The Wealth of Nations.
(d) Principles of Political Economy.

2. Keynes defines prosperity and depression in terms of what?
(a) Distribution.
(b) Income.
(c) Output.
(d) Production.

3. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)
(a) Rents and costs.
(b) Gloves and shoes.
(c) Corn and wheat.
(d) Boots and hats.

4. The stock market crashed in what year?
(a) 1930.
(b) 1932.
(c) 1927.
(d) 1929.

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

Short Answer Questions

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

2. Keynes received an appointment to a Royal Commission studying what?

3. Where did Keynes attend college?

4. Where was The Communist Manifesto written?

5. What is Marx's theory of valuation is called?

(see the answer key)

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