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This quiz consists of 5 multiple choice and 5 short answer questions through The Contradictions of Joseph Schumpeter.

Multiple Choice Questions

1. What did the market system become known as?
(a) Capitalism.
(b) Populism.
(c) Communism.
(d) Marxism.

2. How many of the economists featured in the book made their own fortune?
(a) Four.
(b) Three.
(c) Seven.
(d) Nine.

3. Whose work was Schumpeter more familiar with than any other Western economists?
(a) Keynes.
(b) Veblen.
(c) Smith.
(d) Marx.

4. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?
(a) America.
(b) Germany.
(c) France.
(d) England.

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

Short Answer Questions

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

2. What book did Schumpeter write while working for an Egyptian princess?

3. Because John A. Hobson was labeled as a __________, he turned his attention to South Africa. (fill in the blank)

4. Where was Adam Smith educated?

5. Marx and Engels thought the revolution would occur in an advanced industrial economy like _________. (fill in the blank)

(see the answer key)

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