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This quiz consists of 5 multiple choice and 5 short answer questions through The Gloomy Presentiments of Parson Malthus and David Ricardo.

Multiple Choice Questions

1. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)
(a) Macroeconomics.
(b) Laissez-faire.
(c) Physiocracy.
(d) Agricracy.

2. Heilbroner says through his book, the reader has embarked on _________. (fill in the blank)
(a) A journey to wealth.
(b) A journey through hell.
(c) A journey through history.
(d) A journey to financial wisdom.

3. What are economists considered by the rules of schoolboy history books?
(a) Gods.
(b) Miracle workers.
(c) Princes.
(d) Nonentities.

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

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

Short Answer Questions

1. Adam Smith defined wealth in terms of what?

2. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?

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

4. One of the featured economists was never more than what?

5. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?

(see the answer key)

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