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This quiz consists of 5 multiple choice and 5 short answer questions through Behind the Worldly Philosophy.

Multiple Choice Questions

1. The mistakes of economist are nothing short of _________. (fill in the blank)
(a) Calamitous.
(b) Rare.
(c) Inconsequential.
(d) Impossible.

2. What was the keynote to Thorstein Veblen's life?
(a) A sense of humor.
(b) Hard work.
(c) Alienation from society.
(d) Eloquent speeches.

3. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?
(a) Tradition.
(b) Religion.
(c) Market.
(d) Authority.

4. The society that Marx believed would follow capitalism would be _________. (fill in the blank)
(a) Well-planned.
(b) Profitable.
(c) Wealthy.
(d) Classless.

5. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)
(a) Rents and costs.
(b) Corn and wheat.
(c) Gloves and shoes.
(d) Boots and hats.

Short Answer Questions

1. According to Malthus, how did nature control the resources of the world?

2. What did Veblen call individual churches?

3. At what university was Adam Smith on the faculty?

4. What did Heilbroner believe would determine economic activity more and more?

5. Dr. Richard Price felt that the population had declined by how much?

(see the answer key)

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