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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. According to Marx, workers are paid _________. (fill in the blank)
(a) Subsistence wages.
(b) Profits.
(c) A pitence.
(d) Surplus value.

2. Marx's radicalism was ____________ rather than political. (fill in the blank)
(a) Philosophical.
(b) Religious.
(c) Theoretical.
(d) Educational.

3. Keynes defines prosperity and depression in terms of what?
(a) Output.
(b) Income.
(c) Distribution.
(d) Production.

4. Adam Smith was a lecturer in what area?
(a) Moral Philosophy.
(b) Religion.
(c) Economic Philosphy.
(d) Religious Science.

5. Keynes was involved in what important conference after World War II?
(a) United Nations.
(b) Bretton Woods.
(c) Peace Conference.
(d) Conference at Vienna.

Short Answer Questions

1. Who failed to recognize the wealth creating ability of labor?

2. Why does Keynes resign his position from the Peace Conference?

3. What does "bourgeoisie" mean?

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

5. When investment is less than ___________ , there is depression. (fill in the blank)

(see the answer key)

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