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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. According to Marx, workers are paid _________. (fill in the blank)
(a) A pitence.
(b) Subsistence wages.
(c) Profits.
(d) Surplus value.

2. Dr. Richard Price felt that the population had declined by how much?
(a) 30%.
(b) 10%.
(c) 50%.
(d) 20%.

3. The outright fraud used by wealthy Americans was referred to in publications as __________. (fill in the blank)
(a) Enterprise.
(b) Greed.
(c) Consumption.
(d) Business as usual.

4. According to Schumpeter, a(n) __________ of some sort results in a flow of income that does not come from labor or other resource owners.
(a) Theory.
(b) Disaster.
(c) Innovation.
(d) Investment.

5. Pamphlets printed at the time of his work compared Malthus with whom?
(a) Napolean
(b) Adam Smith.
(c) God.
(d) Satan.

Short Answer Questions

1. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)

2. Heilbroner believes economists wield power greater than _________. (fill in the blank)

3. Veblen's family sent him to college to become __________. (fill in the blank)

4. What took care of early man's inner conflict between himself and the group?

5. How many years did it take Adam Smith to finish The Wealth of Nations?

(see the answer key)

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