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

Multiple Choice Questions

1. What describes how investment can lead to greater output?
(a) Law of Assimilation.
(b) Law of Accumulation.
(c) Law of Population.
(d) Law of Economics.

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

3. To Heilbroner, what is the common denominator at the core of these men with diverse backgrounds?
(a) Intellect.
(b) Curiosity.
(c) Greed.
(d) Wisdom.

4. Adam Smith was considered a non-conformist because he refused to do what before classes?
(a) Pray.
(b) Prepare.
(c) Dress.
(d) Lecture.

5. What did all of the these economists do?
(a) Influenced a king.
(b) Wrote a book.
(c) Never married.
(d) Died penniless.

Short Answer Questions

1. _________ is concerned with finding some reason for the cosmos. (fill in the blank)

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

3. Only because man is ___________ he has succeeded. (fill in the blank)

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

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

(see the answer key)

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