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

2. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?
(a) Custom and tradition.
(b) Markets.
(c) Money and taxes.
(d) Religion.

3. What year was The Wealth of Nations published?
(a) 1758.
(b) 1759.
(c) 1776.
(d) 1723.

4. Malthus's essay earned economics the nickname _________. (fill in the blank)
(a) Population science.
(b) Death science.
(c) Wealth science.
(d) Dismal science.

5. According to Malthus, how did nature control the resources of the world?
(a) Through death.
(b) Through poverty.
(c) Through war.
(d) Through famine.

Short Answer Questions

1. Adam Smith defined wealth in terms of what?

2. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?

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

4. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)

5. What kind of survival has man faced from the earliest days on?

(see the answer key)

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