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

2. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?
(a) Law of Assimilation.
(b) Law of Population.
(c) Law of Economics.
(d) Law of Accumulation.

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

4. What does Heilbroner think is strange about ancient civilizations?
(a) There was no currency.
(b) There were no economists.
(c) There was no plan for survival.
(d) There were no rulers.

5. How many years did it take Adam Smith to finish The Wealth of Nations?
(a) Three.
(b) Twelve.
(c) Fourteen.
(d) Five.

Short Answer Questions

1. The market system was compelled largely by what idea?

2. Who wrote the Tableau Economique?

3. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?

4. Heilbroner begins the book by saying it is limited to a small number of men who did more for history with _________ than famous men did. (fill in the blank)

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

(see the answer key)

This section contains 208 words (approx. 1 page at 300 words per page) View a FREE sample