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

Multiple Choice Questions

1. Who wrote the Tableau Economique?
(a) Locke.
(b) Quesnay.
(c) Smith.
(d) Hume.

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

3. Which legislation resulted in duties on grain imports and remained in effect for thirty years?
(a) Parliment Laws.
(b) Wheat Laws.
(c) British Market Laws.
(d) Corn Laws.

4. What does Heilbroner think is strange about ancient civilizations?
(a) There was no currency.
(b) There were no economists.
(c) There were no rulers.
(d) There was no plan for survival.

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

Short Answer Questions

1. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)

2. What is the most worldly of all man's activities, according to Heilbroner?

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

4. The economist Adam Smith lived during which time period?

5. What took care of early man's inner conflict between himself and the group?

Short Essay Questions

1. What was the market system?

2. What was New Lanark?

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

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

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

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

7. What is Adam Smith's Invisible Hand Theory?

8. What does Heilbroner say that economists provide?

9. Who was Count Henri de Rouvroy de Saint-Simone?

10. Why did economics not begin with Adam Smith as many people believe?

(see the answer keys)

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