View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Wonderful World of Adam Smith.

Multiple Choice Questions

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

2. The first stop on Heilbroner's description of how economists became necessary to society is France in what year?
(a) 1305.
(b) 1776.
(c) 1630.
(d) 1550.

3. Adam Smith left his university position to become a private tutor and traveled through which country?
(a) Russia.
(b) China.
(c) France.
(d) America.

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

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

Short Answer Questions

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

2. Adam Smith was a lecturer in what area?

3. Where was Adam Smith educated?

4. _________ was based on true wealth only being created in agriculture. (fill in the blank)

5. Economists make order out of what, in Helibroner's opinion?

(see the answer key)

This section contains 194 words (approx. 1 page at 300 words per page) View a FREE sample