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

Multiple Choice Questions

1. According to Engels and Marx, what does "dialectical" mean?
(a) Diverse.
(b) Change.
(c) Chance.
(d) Discussion.

2. What nationality was Veblen's family?
(a) Dutch.
(b) British.
(c) Swedish.
(d) Norwegian.

3. As imperialism waned or changed, what came into being?
(a) Multinational corporations.
(b) Free trade.
(c) Imminent domain.
(d) Tarriffs.

4. What does "bourgeoisie" mean?
(a) The overbearing government.
(b) The underachieving lower class.
(c) The exploitative middle class.
(d) The dying aristocracy.

5. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)
(a) Incomes.
(b) Wages.
(c) Investments.
(d) Profits.

6. What did Veblen call individual churches?
(a) Places of ill repute.
(b) Retail outlets.
(c) Time wasters.
(d) Houses of God.

7. What year did Veblen die?
(a) 1931.
(b) 1929.
(c) 1930.
(d) 1927.

8. Who does Veblen present as the saboteur of capitalism?
(a) The noble class.
(b) The leisure class.
(c) The capitalist.
(d) The farmer.

9. Henry George's views were published in his book called __________. (fill in the blank)
(a) Principles of Political Economy.
(b) The Condition of the Working Class.
(c) Progress and Poverty.
(d) The Wealth of Nations.

10. During the Victorian period, economics became the province of __________. (fill in the blank)
(a) Politicians.
(b) Landowners.
(c) Professors.
(d) Lawyers.

11. What did Marx's father hope he would study?
(a) Politics.
(b) Medicine.
(c) Religion.
(d) Law.

12. The Communist Manifesto first appeared in what year?
(a) 1833.
(b) 1844.
(c) 1848.
(d) 1828.

13. From where did Veblen graduate with a Ph.D?
(a) University of Chicago.
(b) Yale.
(c) Cornell.
(d) Harvard.

14. According to Marx, workers are paid _________. (fill in the blank)
(a) Surplus value.
(b) Profits.
(c) Subsistence wages.
(d) A pitence.

15. What book did Schumpeter write while working for an Egyptian princess?
(a) The Theory of Economic Development.
(b) Principles of Economics.
(c) Tract on Monetary Reform.
(d) Progress and Poverty.

Short Answer Questions

1. Marx's radicalism was ____________ rather than political. (fill in the blank)

2. What did Schumpeter call a person who introduced change into economic life?

3. Keynes received an appointment to a Royal Commission studying what?

4. Veblen's book earned him a reputation as a __________. (fill in the blank)

5. What was the name of Marx's devoted wife?

(see the answer keys)

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