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This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What year did Ricardo die?
(a) 1924.
(b) 1823.
(c) 1834.
(d) 1901.
2. 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?
(a) Communism.
(b) Benign socialism.
(c) Capitalism.
(d) Phanlansteries.
3. Heilbroner says the work of economist is both exciting and _________. (fill in the blank)
(a) Controversial.
(b) Dangerous.
(c) Boring.
(d) Inconsequential.
4. What did the market system become known as?
(a) Marxism.
(b) Communism.
(c) Capitalism.
(d) Populism.
5. What took care of early man's inner conflict between himself and the group?
(a) The elders.
(b) Psychiatry.
(c) The environment.
(d) Medicine.
6. Adam Smith defined wealth in terms of what?
(a) Land.
(b) Goods.
(c) Produce.
(d) Gold.
7. _________ is a manner of organizing society so all tasks are performed. (fill in the blank)
(a) Tradition.
(b) Self-reliance.
(c) Social compatibility.
(d) Religion.
8. Adam Smith was considered a non-conformist because he refused to do what before classes?
(a) Pray.
(b) Dress.
(c) Lecture.
(d) Prepare.
9. 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)
(a) Twenty-five years.
(b) Thirty-five years.
(c) Fifty Years.
(d) Twenty years.
10. What is production dependent upon?
(a) Profits.
(b) Wages.
(c) Nature.
(d) Distribution.
11. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?
(a) Landholding.
(b) Agricultural.
(c) Poverty.
(d) Industial.
12. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?
(a) The end of religion.
(b) The Industrial Revolution.
(c) Foreign exploration.
(d) The growth of factories.
13. Eighteenth-century England thought the population to be somewhere around 5.5 million people, and it was not expected to double for approximately how many years?
(a) Five hundred years.
(b) Two hundred years.
(c) Seven hundred years.
(d) Six hundred years.
14. Which legislation resulted in duties on grain imports and remained in effect for thirty years?
(a) Parliment Laws.
(b) Corn Laws.
(c) British Market Laws.
(d) Wheat Laws.
15. According to Malthus, how did nature control the resources of the world?
(a) Through death.
(b) Through poverty.
(c) Through war.
(d) Through famine.
Short Answer Questions
1. Pamphlets printed at the time of his work compared Malthus with whom?
2. Robert Owen wanted to bring an end to what?
3. What is the biggest danger facing a modern community?
4. Adam Smith left his university position to become a private tutor and traveled through which country?
5. Who started New Lanark?
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This section contains 398 words (approx. 2 pages at 300 words per page) |
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