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This quiz consists of 5 multiple choice and 5 short answer questions through The Victorian World and the Underworld of Economics.

Multiple Choice Questions

1. Adam Smith defined wealth in terms of what?
(a) Land.
(b) Goods.
(c) Gold.
(d) Produce.

2. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)
(a) Physiocracy.
(b) Macroeconomics.
(c) Laissez-faire.
(d) Agricracy.

3. According to Malthus, how did nature control the resources of the world?
(a) Through war.
(b) Through poverty.
(c) Through famine.
(d) Through death.

4. What was Ricardo's job?
(a) Professor.
(b) Landlord.
(c) Stockbroker.
(d) Researcher.

5. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?
(a) 1776.
(b) 1639.
(c) 1305.
(d) 1550.

Short Answer Questions

1. Dr. Richard Price felt that the population had declined by how much?

2. The Victorian period marked the beginning of what important movement?

3. Charles Fourier is classified as _________. (fill in the blank)

4. The new philosophy of survival with the market system brought with it what new social problem?

5. Who started New Lanark?

(see the answer key)

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