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

Multiple Choice Questions

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

2. Adam Smith was a lecturer in what area?
(a) Religion.
(b) Economic Philosphy.
(c) Moral Philosophy.
(d) Religious Science.

3. What did Malthus believe was the basic trouble with the world?
(a) Too much war.
(b) Too few jobs.
(c) Too many people.
(d) Too many landowners.

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

5. 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 Accumulation.
(b) Law of Population.
(c) Law of Economics.
(d) Law of Assimilation.

6. By what decade was Malthus proved wrong?
(a) 1970's.
(b) 1980's.
(c) 1950's.
(d) 1990's.

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

8. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?
(a) 1813.
(b) 1801.
(c) 1798.
(d) 1776.

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

10. Economists make order out of what, in Helibroner's opinion?
(a) Nothing.
(b) Social chaos.
(c) Money.
(d) The abyss.

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

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

13. Owen's idea was totally contrary to the doctrine of _________. (fill in the blank)
(a) The Law of Accumulation.
(b) Democracy.
(c) Physiocracy.
(d) Laissez-faire.

14. What did all of the these economists do?
(a) Influenced a king.
(b) Died penniless.
(c) Never married.
(d) Wrote a book.

15. Most of the featured economists could never master _________. (fill in the blank)
(a) Wall Street.
(b) The social world.
(c) Their personal finances.
(d) Their personal lives.

Short Answer Questions

1. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

2. What was the title of Adam Smith's first book?

3. The first stop on Heilbroner's description of how economists became necessary to society is France in what year?

4. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?

5. What kind of survival has man faced from the earliest days on?

(see the answer keys)

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