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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. What did Marx's father hope he would study?
(a) Politics.
(b) Medicine.
(c) Religion.
(d) Law.

2. What did President Hoover think would be banished from the nation in the late 1920's?
(a) Investments.
(b) Prosperity.
(c) Discrimination.
(d) Poverty.

3. What year was The Wealth of Nations published?
(a) 1759.
(b) 1776.
(c) 1758.
(d) 1723.

4. Keynes thought the best way to stimulate a flagging economy was through __________. (fill in the blank)
(a) Lower taxes.
(b) Lower interest rates.
(c) Higher wages.
(d) Private investments.

5. Keynes felt the business cycles had to be countered by __________. (fill in the blank)
(a) Higher wages.
(b) Government intervention.
(c) Private investors.
(d) Leaving the markets alone.

Short Answer Questions

1. Adam Smith was a lecturer in what area?

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

3. According to Engels and Marx, what does "dialectical" mean?

4. What does "bourgeoisie" mean?

5. It is the forces of ______ that make the market function according to Adam Smith. (fill in the blank)

(see the answer key)

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