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This quiz consists of 5 multiple choice and 5 short answer questions through The Savage Society of Thorstein Veblen.

Multiple Choice Questions

1. Most of the featured economists could never master _________. (fill in the blank)
(a) Their personal finances.
(b) Their personal lives.
(c) Wall Street.
(d) The social world.

2. Between 1870 and 1914, what percentage of English savings were invested abroad?
(a) 10%.
(b) 50%.
(c) 20%.
(d) 25%.

3. What did Veblen call individual churches?
(a) Retail outlets.
(b) Time wasters.
(c) Houses of God.
(d) Places of ill repute.

4. What year was The Wealth of Nations published?
(a) 1776.
(b) 1758.
(c) 1723.
(d) 1759.

5. Where was The Communist Manifesto written?
(a) Brussels.
(b) Berlin.
(c) London.
(d) Paris.

Short Answer Questions

1. From where did Veblen graduate with a Ph.D?

2. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?

3. At what university was Adam Smith on the faculty?

4. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?

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

(see the answer key)

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