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

2. What was the name of the publication of Engels' impressions after working for his father's textile business in England?
(a) The Wealth of Nations.
(b) Economic Laws of the Time.
(c) The Condition of the Working Class.
(d) Principles of Political Economy.

3. Veblen's book earned him a reputation as a __________. (fill in the blank)
(a) Satirist.
(b) Crackpot.
(c) Economist.
(d) Radical.

4. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?
(a) Law of Population.
(b) Law of Economics.
(c) Law of Accumulation.
(d) Law of Assimilation.

5. How does Schumpeter approach economics in a unique way in his book?
(a) He looks at an economy without any imperialsim.
(b) He looks at an economy without any innovation.
(c) He looks at an economy with great economic growth.
(d) He looks at an economy without any economic growth.

Short Answer Questions

1. According to Heilbroner, these men who have had such an impact on society are known as _________. (fill in the blank)

2. Keynes felt the business cycles had to be countered by __________. (fill in the blank)

3. Owen's idea was totally contrary to the doctrine of _________. (fill in the blank)

4. What was the keynote to Thorstein Veblen's life?

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

(see the answer key)

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