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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?
(a) The Industrial Revolution.
(b) The end of religion.
(c) The growth of factories.
(d) Foreign exploration.

3. _________ is concerned with finding some reason for the cosmos. (fill in the blank)
(a) Religion.
(b) Natural Theology.
(c) Moral Philosophy.
(d) Ethics.

4. Where was Adam Smith educated?
(a) University of England.
(b) Oxford.
(c) Harvard.
(d) University of Glasgow.

5. Only because man is ___________ he has succeeded. (fill in the blank)
(a) Invincible.
(b) Clever.
(c) Antisocial.
(d) Socially cooperative.

6. According to Malthus, how did nature control the resources of the world?
(a) Through death.
(b) Through poverty.
(c) Through famine.
(d) Through war.

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

8. Malthus's essay earned economics the nickname _________. (fill in the blank)
(a) Death science.
(b) Dismal science.
(c) Population science.
(d) Wealth science.

9. Saint-Simone was a firm believer in _________. (fill in the blank)
(a) Democracy.
(b) Laissez-faire.
(c) Physiocracy.
(d) The Law of Accumulation.

10. What helped bring an end to the religiousness of the population in Europe?
(a) The Italian Renaissance.
(b) Foreign exploration.
(c) The death of the pope.
(d) The Industrial Revolution.

11. What was the title of Adam Smith's first book?
(a) The Theory of Moral Sentiments.
(b) The Theory of Moral Philosophy.
(c) The Wealth of Nations.
(d) Essay on the Principles of Population.

12. Heilbroner begins the book by saying it is limited to a small number of men who did more for history with _________ than famous men did. (fill in the blank)
(a) Power.
(b) Theories.
(c) Wealth.
(d) War.

13. The early days of the industrial revolution resulted in workplace abuse, especially for ___________. (fill in the blank)
(a) Foreigners.
(b) Men.
(c) Women.
(d) Children.

14. What was detested by factory workers in the late 1700's?
(a) Mills.
(b) Machinery.
(c) Managers.
(d) Baths.

15. Adam Smith left his university position to become a private tutor and traveled through which country?
(a) China.
(b) France.
(c) America.
(d) Russia.

Short Answer Questions

1. Malthus continued to work on his theory of population and the food supply and assumed that humans could double their number every _________. (fill in the blank)

2. What year was The Wealth of Nations published?

3. 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?

4. What is the most worldly of all man's activities, according to Heilbroner?

5. Adam Smith was considered a non-conformist because he refused to do what before classes?

(see the answer keys)

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