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This quiz consists of 5 multiple choice and 5 short answer questions through The Victorian World and the Underworld of Economics.

Multiple Choice Questions

1. Which legislation resulted in duties on grain imports and remained in effect for thirty years?
(a) Corn Laws.
(b) Parliment Laws.
(c) Wheat Laws.
(d) British Market Laws.

2. The new philosophy of survival with the market system brought with it what new social problem?
(a) Keeping the poor poor.
(b) Getting the rich poor.
(c) Keeping the poor drunk.
(d) Getting the poor rich.

3. What did Malthus believe was the basic trouble with the world?
(a) Too many people.
(b) Too many landowners.
(c) Too few jobs.
(d) Too much war.

4. Saint-Simone was a firm believer in _________. (fill in the blank)
(a) Democracy.
(b) Laissez-faire.
(c) Physiocracy.
(d) The Law of Accumulation.

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

Short Answer Questions

1. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?

2. What describes how investment can lead to greater output?

3. Francis Ysidro Edgeworth was a graduate of what university?

4. What has played a central role in population control in the Western hemisphere?

5. According to Malthus, the size of the population is limited by what?

(see the answer key)

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