View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What year was The Wealth of Nations published?
(a) 1759.
(b) 1776.
(c) 1758.
(d) 1723.

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

3. What was detested by factory workers in the late 1700's?
(a) Machinery.
(b) Baths.
(c) Managers.
(d) Mills.

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

5. Robert Owen wanted to bring an end to what?
(a) Monarchies.
(b) Poverty.
(c) Assembly lines.
(d) Utopian communities.

Short Answer Questions

1. Pamphlets printed at the time of his work compared Malthus with whom?

2. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?

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

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

5. According to Heilbroner, economists changed the world not through __________, but through power of their ideas. (fill in the blank)

Short Essay Questions

1. What was the mission of the Grand National labor union?

2. What was Owen's idea to combat poverty?

3. What was New Lanark?

4. What is the proof that there is not a perfect solution to man's survival?

5. How was English society divided at the time of Adam Smith?

6. What factors determine a nation's wealth, according to Adam Smith?

7. How does Heilbroner describe the nine economist in his introduction?

8. What is the difference between markets and the market system?

9. How did Ricardo and Malthus differ in their views?

10. Why did opponents of humanitarian legislation propose Smith's idea of laissez-faire?

(see the answer keys)

This section contains 756 words (approx. 3 pages at 300 words per page) View a FREE sample