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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. What year did the British Labor Movement begin?
(a) 1833.
(b) 1801.
(c) 1778.
(d) 1776.

2. The world of economics was subject to the ridicule of whom?
(a) Frederic Bastiat.
(b) Francis Ysidro Edgeworth.
(c) Leon Walras.
(d) Stanley Jevrons.

3. _________ is a manner of organizing society so all tasks are performed. (fill in the blank)
(a) Social compatibility.
(b) Religion.
(c) Tradition.
(d) Self-reliance.

4. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?
(a) The end of religion.
(b) Foreign exploration.
(c) The growth of factories.
(d) The Industrial Revolution.

5. According to Mills, there would be a gradual disappearance of what?
(a) Factories.
(b) Capitalism.
(c) Wages.
(d) Wealth.

Short Answer Questions

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

2. Who started New Lanark?

3. Dr. Richard Price felt that the population had declined by how much?

4. Hobson's views fit right into the views of whom?

5. Between 1870 and 1914, what percentage of English savings were invested abroad?

(see the answer key)

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