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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. Having spent some time in South Africa, Hobson returned to England and wrote what book?
(a) Progress.
(b) Capitalism.
(c) Imperialism.
(d) Capital.

2. One of the featured economists was never more than what?
(a) A traveling salesman.
(b) A hack.
(c) An insurance salesman.
(d) A drunk.

3. It is the forces of ______ that make the market function according to Adam Smith. (fill in the blank)
(a) Wealth.
(b) Competition.
(c) Gold.
(d) Nature.

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

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

2. "Each should do what was to his best monetary advantage" describes what system?

3. What were the economic thinkers of the Victorian period known as?

4. What took care of early man's inner conflict between himself and the group?

5. What did Marx's father hope he would study?

(see the answer key)

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