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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. Schumpeter's book makes a distinction between ___________ successes and sociological successes. (fill in the blank)
(a) Global.
(b) Philosophical.
(c) Monetary.
(d) Economic.

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

3. As imperialism waned or changed, what came into being?
(a) Imminent domain.
(b) Multinational corporations.
(c) Free trade.
(d) Tarriffs.

4. What was Henry George a believer in?
(a) Phrenology.
(b) Socialism.
(c) Imperialism.
(d) Political economy.

5. Marx and Engels thought the revolution would occur in an advanced industrial economy like _________. (fill in the blank)
(a) France.
(b) England.
(c) Germany.
(d) America.

Short Answer Questions

1. Ricardo was the son of a Jewish merchant banker from _________. (fill in the blank)

2. When investment is less than ___________ , there is depression. (fill in the blank)

3. Leon Walras felt that math could be used to determine what?

4. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)

5. Keynes defines prosperity and depression in terms of what?

(see the answer key)

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