View a FREE sample

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

Short Answer Questions

1. Marx and Engels thought the revolution would occur in an advanced industrial economy like _________. (fill in the blank)

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

3. As imperialism waned or changed, what came into being?

4. What is Marx's theory of valuation is called?

5. According to The Communist Manifesto, what would be a transition period followed by pure Communism?

Short Essay Questions

1. What is the background of John Maynard Keynes?

2. Which of Marx's concepts turned out to be true?

3. What is Joseph Schumpeter's background?

4. What was the background of Karl Marx?

5. What was the surplus value theory?

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

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

8. What is the premise of Joseph Schumpeter's The Theory of Economic Development?

9. How did Frederic Bastiat ridicule economics?

10. What was the premise of The Communist Manifesto?

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 the main thrust of The Communist Manifesto, and why did it have such a long-term impact on society?

Essay Topic 3

How did Marx teach us "not just to look at, but through, history"? What aspects of Marx's theories are still valid today?

(see the answer keys)

This section contains 811 words (approx. 3 pages at 300 words per page) View a FREE sample