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

Multiple Choice Questions

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

2. How many years did it take Adam Smith to finish The Wealth of Nations?
(a) Three.
(b) Fourteen.
(c) Twelve.
(d) Five.

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

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

5. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?
(a) Landholding.
(b) Industial.
(c) Poverty.
(d) Agricultural.

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

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

8. What describes how investment can lead to greater output?
(a) Law of Assimilation.
(b) Law of Economics.
(c) Law of Accumulation.
(d) Law of Population.

9. Charles Fourier is classified as _________. (fill in the blank)
(a) An Utopian Socialist.
(b) A Labor Unionist.
(c) A Gloomy Economist.
(d) An Economic Revolutionary.

10. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?
(a) Markets.
(b) Custom and tradition.
(c) Religion.
(d) Money and taxes.

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

12. What is the biggest danger facing a modern community?
(a) Human unpredictability.
(b) Economics.
(c) Human predictability.
(d) Excommunication.

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

14. Pamphlets printed at the time of his work compared Malthus with whom?
(a) Adam Smith.
(b) God.
(c) Satan.
(d) Napolean

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

Short Answer Questions

1. The mistakes of economist are nothing short of _________. (fill in the blank)

2. The new philosophy of survival with the market system brought with it what new social problem?

3. _________ was based on true wealth only being created in agriculture. (fill in the blank)

4. Heilbroner believes economists wield power greater than _________. (fill in the blank)

5. Malthus's essay earned economics the nickname _________. (fill in the blank)

(see the answer keys)

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