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

Multiple Choice Questions

1. How many years did it take Adam Smith to finish The Wealth of Nations?
(a) Fourteen.
(b) Three.
(c) Twelve.
(d) Five.

2. From where did Veblen graduate with a Ph.D?
(a) Harvard.
(b) University of Chicago.
(c) Cornell.
(d) Yale.

3. What did Edgeworth use to support his theories?
(a) Calculus.
(b) Physics.
(c) Algebra.
(d) Chemistry.

4. By what decade was Malthus proved wrong?
(a) 1950's.
(b) 1970's.
(c) 1980's.
(d) 1990's.

5. What did all of the these economists do?
(a) Influenced a king.
(b) Never married.
(c) Wrote a book.
(d) Died penniless.

Short Answer Questions

1. Critics of Edgeworth pointed to ____________ as evidence that man did not always act on his own behalf. (fill in the blank)

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

3. What was the title of Adam Smith's first book?

4. The fact that man is _________ makes survival difficult. (fill in the blank)

5. In Mills' model, wages would rise as a result of accumulation of capital. Eventually, the accumulation process would come to an end and enter what stage?

(see the answer key)

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