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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. What is production dependent upon?
(a) Distribution.
(b) Profits.
(c) Wages.
(d) Nature.

2. At the beginning of the 1800's, England had two strong classes emerge; an _________ class and an agricultural class. (fill in the blank)
(a) Urban.
(b) Landowner.
(c) Wealthy.
(d) Industrial.

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

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

5. Dr. Richard Price felt that the population had declined by how much?
(a) 10%.
(b) 50%.
(c) 30%.
(d) 20%.

Short Answer Questions

1. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?

2. Economists make order out of what, in Helibroner's opinion?

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

4. "Each should do what was to his best monetary advantage" describes what system?

5. Adam Smith defined wealth in terms of what?

Short Essay Questions

1. What is the role of self-interest in the market place, according to Adam Smith?

2. What was New Lanark?

3. Why was Ricardo against the Corn Laws?

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

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

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

7. What does Heilbroner say that economists provide?

8. What does Heilbroner say in his introduction that the worldly philosophers did "quietly and inconspicuously"?

9. What were the beliefs of the Saint-Simonians?

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

(see the answer keys)

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