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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 does "bourgeoisie" mean?
(a) The overbearing government.
(b) The underachieving lower class.
(c) The exploitative middle class.
(d) The dying aristocracy.

2. What is Marx's theory of valuation is called?
(a) Labor Theory of Value.
(b) Socialism.
(c) Communism.
(d) Value Theory of Labor.

3. At what university was Adam Smith on the faculty?
(a) University of England.
(b) University of Glasgow.
(c) Harvard.
(d) Oxford.

4. Adam Smith was a lecturer in what area?
(a) Religious Science.
(b) Religion.
(c) Economic Philosphy.
(d) Moral Philosophy.

5. 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.

Short Answer Questions

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

2. Where was Adam Smith educated?

3. In what year did Keynes publish his Tract on Monetary Reform?

4. _________ was based on true wealth only being created in agriculture. (fill in the blank)

5. Keynes felt the business cycles had to be countered by __________. (fill in the blank)

(see the answer key)

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