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

Multiple Choice Questions

1. What did the market system become known as?
(a) Capitalism.
(b) Populism.
(c) Marxism.
(d) Communism.

2. Adam Smith was considered a non-conformist because he refused to do what before classes?
(a) Prepare.
(b) Dress.
(c) Lecture.
(d) Pray.

3. _________ is a manner of organizing society so all tasks are performed. (fill in the blank)
(a) Self-reliance.
(b) Tradition.
(c) Religion.
(d) Social compatibility.

4. According to Heilbroner, economists changed the world not through __________, but through power of their ideas. (fill in the blank)
(a) Wealth.
(b) Mischief.
(c) Force.
(d) Laughter.

5. According to Mills, there would be a gradual disappearance of what?
(a) Factories.
(b) Capitalism.
(c) Wealth.
(d) Wages.

6. How many of the economists featured in the book made their own fortune?
(a) Nine.
(b) Four.
(c) Seven.
(d) Three.

7. Which legislation resulted in duties on grain imports and remained in effect for thirty years?
(a) Wheat Laws.
(b) Parliment Laws.
(c) British Market Laws.
(d) Corn Laws.

8. While in prison, who did Saint-Simone claim appeared to him, telling him to become a philosopher?
(a) God.
(b) George Washington.
(c) Charlemagne.
(d) Adam Smith.

9. 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) Wealth.
(b) War.
(c) Theories.
(d) Power.

10. The first stop on Heilbroner's description of how economists became necessary to society is France in what year?
(a) 1305.
(b) 1630.
(c) 1776.
(d) 1550.

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

12. Who failed to recognize the wealth creating ability of labor?
(a) Hume.
(b) Quesnay.
(c) Locke.
(d) Smith.

13. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?
(a) 1776.
(b) 1305.
(c) 1639.
(d) 1550.

14. The followers of Saint-Simone proposed an end to _________. (fill in the blank)
(a) Democracy.
(b) Industrial production.
(c) Private property.
(d) Villages of Cooperation.

15. To Heilbroner, what is the common denominator at the core of these men with diverse backgrounds?
(a) Wisdom.
(b) Greed.
(c) Intellect.
(d) Curiosity.

Short Answer Questions

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

2. What are economists considered by the rules of schoolboy history books?

3. The market system was compelled largely by what idea?

4. Dr. Richard Price felt that the population had declined by how much?

5. 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?

(see the answer keys)

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