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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What was the length of the common workday during the early days of the Industrial Revolution?

2. Who is to blame for the lack of glamour in the field of economics?

3. Where was New Harmony located?

4. Adam Smith left his university position to become a private tutor and traveled through which country?

5. Where was Adam Smith educated?

Short Essay Questions

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

2. What was the market system?

3. What did most people in ancient societies aspire to?

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

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

6. What led to the introduction of a poor-relief bill and what did it encourage?

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

8. What was the premise of Malthus's An Essay on the Principle of Population as it Affects the Future Improvement of Society?

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

10. Why does Heilbroner find it strange that people don't know about the worldly philosophers?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What role did imperialism play in permanently altering capitalism? What did imperialism ultimately lead to? What impact did that have on modern economic theories?

Essay Topic 2

What was significant about Joseph Schumpeter's theories on innovation and entrepreneurs?

Essay Topic 3

Who were the underground economists? What were their theories? What was the historical significance of these theories?

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