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This quiz consists of 5 multiple choice and 5 short answer questions through The Economic Revolution.

Multiple Choice Questions

1. What is the most worldly of all man's activities, according to Heilbroner?
(a) The need for food.
(b) The need for religion.
(c) The drive for wealth.
(d) The drive for companionship.

2. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?
(a) Custom and tradition.
(b) Markets.
(c) Religion.
(d) Money and taxes.

3. Assigning tasks by command to ensure that all necessary tasks are performed is what type of system?
(a) Authority.
(b) Religion.
(c) Tradition.
(d) Market.

4. "Each should do what was to his best monetary advantage" describes what system?
(a) Market.
(b) Tradition.
(c) Religion.
(d) Authority.

5. The mistakes of economist are nothing short of _________. (fill in the blank)
(a) Inconsequential.
(b) Calamitous.
(c) Rare.
(d) Impossible.

Short Answer Questions

1. What did all of the these economists do?

2. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?

3. How many of the economists featured in the book made their own fortune?

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

5. What kind of survival has man faced from the earliest days on?

(see the answer key)

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