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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. Keynes felt the business cycles had to be countered by __________. (fill in the blank)
(a) Government intervention.
(b) Private investors.
(c) Leaving the markets alone.
(d) Higher wages.

2. Keynes received an appointment to a Royal Commission studying what?
(a) Unemployment.
(b) Indian currency.
(c) Monetary reform.
(d) The market crash.

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

4. Adam Smith was considered a non-conformist because he refused to do what before classes?
(a) Prepare.
(b) Dress.
(c) Lecture.
(d) Pray.

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

Short Answer Questions

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

2. Who wrote the Tableau Economique?

3. How many years did it take Adam Smith to finish The Wealth of Nations?

4. Adam Smith left his university position to become a private tutor and traveled through which country?

5. Where was Adam Smith educated?

(see the answer key)

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