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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. The outright fraud used by wealthy Americans was referred to in publications as __________. (fill in the blank)
(a) Business as usual.
(b) Consumption.
(c) Greed.
(d) Enterprise.

2. Where was The Communist Manifesto written?
(a) London.
(b) Berlin.
(c) Paris.
(d) Brussels.

3. Where was Joseph Schumpeter born?
(a) England.
(b) America.
(c) Australia.
(d) Austria.

4. Henry George's favorite idea was called __________. (fill in the blank)
(a) Villages of Cooperation.
(b) The big tax.
(c) The single tax.
(d) Taxation without representation.

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

Short Answer Questions

1. Where did Keynes attend college?

2. Keynes was involved in what important conference after World War II?

3. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)

4. What book did Schumpeter write while working for an Egyptian princess?

5. Francis Ysidro Edgeworth was a graduate of what university?

Short Essay Questions

1. What was dialectical materialism?

2. What is the background of John Maynard Keynes?

3. Why did Thorstein Veblen feel compelled to write about American economics?

4. What was the background of Thorstein Veblen?

5. What was the premise of The Communist Manifesto?

6. What connection does Schumpeter make between capitalism and sociological success?

7. What is Keynes's theory in Tract on Monetary Reform?

8. What kind of tax did Henry George propose?

9. Why was John A. Hobson labeled at heretic?

10. What is Joseph Schumpeter's background?

(see the answer keys)

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