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

Multiple Choice Questions

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

2. 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.

3. Adam Smith defined wealth in terms of what?
(a) Produce.
(b) Goods.
(c) Land.
(d) Gold.

4. At what university was Adam Smith on the faculty?
(a) Oxford.
(b) Harvard.
(c) University of England.
(d) University of Glasgow.

5. What are economists considered by the rules of schoolboy history books?
(a) Gods.
(b) Miracle workers.
(c) Princes.
(d) Nonentities.

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

7. What year did Ricardo die?
(a) 1834.
(b) 1901.
(c) 1823.
(d) 1924.

8. What was the length of the common workday during the early days of the Industrial Revolution?
(a) Twelve hours.
(b) Ten hours.
(c) Eight hours.
(d) Sixteen hours.

9. The fact that man is _________ makes survival difficult. (fill in the blank)
(a) Self-centered.
(b) Clever.
(c) Antisocial.
(d) A slow learner.

10. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?
(a) Market.
(b) Religion.
(c) Tradition.
(d) Authority.

11. By what year had crops reached near famine levels in England?
(a) 1801.
(b) 1776.
(c) 1813.
(d) 1798.

12. According to Heilbroner, these men who have had such an impact on society are known as _________. (fill in the blank)
(a) The Miracle Workers.
(b) The Money Makers.
(c) The Great Economists.
(d) The Nine Influences.

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

14. 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) Wealth.
(c) War.
(d) Theories.

15. Dr. Richard Price felt that the population had declined by how much?
(a) 20%.
(b) 30%.
(c) 50%.
(d) 10%.

Short Answer Questions

1. Who wrote the Tableau Economique?

2. What is production dependent upon?

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

4. 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)

5. 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?

(see the answer keys)

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