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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. 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)
(a) Wealth.
(b) Power.
(c) Theories.
(d) War.

2. The market system was compelled largely by what idea?
(a) Work.
(b) Need.
(c) Gain.
(d) Loss.

3. According to Heilbroner, economists changed the world not through __________, but through power of their ideas. (fill in the blank)
(a) Wealth.
(b) Laughter.
(c) Force.
(d) Mischief.

4. _________ is concerned with finding some reason for the cosmos. (fill in the blank)
(a) Natural Theology.
(b) Ethics.
(c) Moral Philosophy.
(d) Religion.

5. What did the market system become known as?
(a) Communism.
(b) Populism.
(c) Capitalism.
(d) Marxism.

Short Answer Questions

1. What describes how investment can lead to greater output?

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

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

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

5. Heilbroner says through his book, the reader has embarked on _________. (fill in the blank)

(see the answer key)

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