View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Wonderful World of Adam Smith.

Multiple Choice Questions

1. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?
(a) The Industrial Revolution.
(b) Foreign exploration.
(c) The end of religion.
(d) The growth of factories.

2. What did all of the these economists do?
(a) Influenced a king.
(b) Wrote a book.
(c) Never married.
(d) Died penniless.

3. According to Heilbroner, economists changed the world not through __________, but through power of their ideas. (fill in the blank)
(a) Mischief.
(b) Force.
(c) Wealth.
(d) Laughter.

4. Where was Adam Smith educated?
(a) Oxford.
(b) University of Glasgow.
(c) University of England.
(d) Harvard.

5. _________ is a manner of organizing society so all tasks are performed. (fill in the blank)
(a) Self-reliance.
(b) Social compatibility.
(c) Tradition.
(d) Religion.

Short Answer Questions

1. What describes how investment can lead to greater output?

2. What are economists considered by the rules of schoolboy history books?

3. Economists make order out of what, in Helibroner's opinion?

4. What is the most worldly of all man's activities, according to Heilbroner?

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

(see the answer key)

This section contains 207 words (approx. 1 page at 300 words per page) View a FREE sample