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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. The Victorian period marked the beginning of what important movement?
(a) American democracy.
(b) Socialism.
(c) Communism.
(d) European imperialism.

2. Malthus's essay earned economics the nickname _________. (fill in the blank)
(a) Population science.
(b) Wealth science.
(c) Death science.
(d) Dismal science.

3. Owen's idea was totally contrary to the doctrine of _________. (fill in the blank)
(a) Laissez-faire.
(b) The Law of Accumulation.
(c) Physiocracy.
(d) Democracy.

4. "Each should do what was to his best monetary advantage" describes what system?
(a) Tradition.
(b) Market.
(c) Religion.
(d) Authority.

5. What took care of early man's inner conflict between himself and the group?
(a) The elders.
(b) Medicine.
(c) The environment.
(d) Psychiatry.

Short Answer Questions

1. Adam Smith defined wealth in terms of what?

2. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

3. Where was Adam Smith educated?

4. What did the market system become known as?

5. While in prison, who did Saint-Simone claim appeared to him, telling him to become a philosopher?

(see the answer key)

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