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. The fact that man is _________ makes survival difficult. (fill in the blank)
(a) Clever.
(b) Antisocial.
(c) Self-centered.
(d) A slow learner.

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

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

4. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?
(a) Law of Accumulation.
(b) Law of Economics.
(c) Law of Assimilation.
(d) Law of Population.

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

Short Answer Questions

1. What did the market system become known as?

2. Adam Smith defined wealth in terms of what?

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

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

5. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)

(see the answer key)

This section contains 199 words (approx. 1 page at 300 words per page) View a FREE sample