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This quiz consists of 5 multiple choice and 5 short answer questions through The Economic Revolution.

Multiple Choice Questions

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

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

3. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?
(a) Custom and tradition.
(b) Religion.
(c) Money and taxes.
(d) Markets.

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

5. Heilbroner says the work of economist is both exciting and _________. (fill in the blank)
(a) Inconsequential.
(b) Boring.
(c) Controversial.
(d) Dangerous.

Short Answer Questions

1. How many of the economists featured in the book made their own fortune?

2. The new philosophy of survival with the market system brought with it what new social problem?

3. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)

4. What did all of the these economists do?

5. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?

(see the answer key)

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