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

2. Economists make order out of what, in Helibroner's opinion?
(a) Social chaos.
(b) Money.
(c) Nothing.
(d) The abyss.

3. Heilbroner believes economists wield power greater than _________. (fill in the blank)
(a) Armies.
(b) Kings.
(c) Sword and scepter.
(d) God.

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

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

Short Answer Questions

1. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?

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

3. The mistakes of economist are nothing short of _________. (fill in the blank)

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

5. The first stop on Heilbroner's description of how economists became necessary to society is France in what year?

(see the answer key)

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