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

Multiple Choice Questions

1. Heilbroner believes economists wield power greater than _________. (fill in the blank)
(a) Sword and scepter.
(b) Armies.
(c) God.
(d) Kings.

2. Economists make order out of what, in Helibroner's opinion?
(a) Money.
(b) Social chaos.
(c) Nothing.
(d) The abyss.

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

4. Who is to blame for the lack of glamour in the field of economics?
(a) Citizens.
(b) The press.
(c) Economists.
(d) Students.

5. According to Heilbroner, these men who have had such an impact on society are known as _________. (fill in the blank)
(a) The Nine Influences.
(b) The Great Economists.
(c) The Money Makers.
(d) The Miracle Workers.

Short Answer Questions

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

2. What is the biggest danger facing a modern community?

3. What does Heilbroner think is strange about ancient civilizations?

4. Where was Adam Smith educated?

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

(see the answer key)

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