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This quiz consists of 5 multiple choice and 5 short answer questions through The Gloomy Presentiments of Parson Malthus and David Ricardo.

Multiple Choice Questions

1. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)
(a) Religion, custom, and authority.
(b) Land, factories, and capital.
(c) Traditions.
(d) Land, labor, and capital.

2. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?
(a) Landholding.
(b) Poverty.
(c) Agricultural.
(d) Industial.

3. What helped bring an end to the religiousness of the population in Europe?
(a) The Italian Renaissance.
(b) Foreign exploration.
(c) The death of the pope.
(d) The Industrial Revolution.

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

5. Only because man is ___________ he has succeeded. (fill in the blank)
(a) Clever.
(b) Socially cooperative.
(c) Antisocial.
(d) Invincible.

Short Answer Questions

1. The economist Adam Smith lived during which time period?

2. What did all of the these economists do?

3. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?

4. One of the featured economists was never more than what?

5. Adam Smith defined wealth in terms of what?

(see the answer key)

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