View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)
(a) Phrenology.
(b) Socialsim.
(c) Political economy.
(d) Imperialism.

2. Leon Walras felt that math could be used to determine what?
(a) The highest price of a good.
(b) The equilibrium price of a good.
(c) The profitable price of a good.
(d) The lowest price of a good.

3. The outright fraud used by wealthy Americans was referred to in publications as __________. (fill in the blank)
(a) Greed.
(b) Enterprise.
(c) Business as usual.
(d) Consumption.

4. What was the length of the common workday during the early days of the Industrial Revolution?
(a) Twelve hours.
(b) Eight hours.
(c) Ten hours.
(d) Sixteen hours.

5. What did Veblen call individual churches?
(a) Time wasters.
(b) Houses of God.
(c) Places of ill repute.
(d) Retail outlets.

Short Answer Questions

1. Where was Adam Smith educated?

2. Mill's book pointed out that the true province of economic law was production, not _________. (fill in the blank)

3. Veblen's family sent him to college to become __________. (fill in the blank)

4. Who does Veblen present as the saboteur of capitalism?

5. What did Malthus believe was the basic trouble with the world?

(see the answer key)

This section contains 219 words (approx. 1 page at 300 words per page) View a FREE sample