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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. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?
(a) Religion.
(b) Authority.
(c) Tradition.
(d) Market.

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. The followers of Saint-Simone proposed an end to _________. (fill in the blank)
(a) Industrial production.
(b) Villages of Cooperation.
(c) Democracy.
(d) Private property.

4. Robert Owen wanted to bring an end to what?
(a) Monarchies.
(b) Assembly lines.
(c) Poverty.
(d) Utopian communities.

5. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?
(a) Law of Assimilation.
(b) Law of Economics.
(c) Law of Population.
(d) Law of Accumulation.

Short Answer Questions

1. "Each should do what was to his best monetary advantage" describes what system?

2. Who presented his theory of economics in Calculus of Pleasure and Pain?

3. The world of economics was subject to the ridicule of whom?

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

5. At what university was Adam Smith on the faculty?

(see the answer key)

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