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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. Keynes felt the business cycles had to be countered by __________. (fill in the blank)
(a) Private investors.
(b) Leaving the markets alone.
(c) Government intervention.
(d) Higher wages.

2. According to Malthus, the size of the population is limited by what?
(a) Wealth.
(b) Production.
(c) Land.
(d) Food supply.

3. Who sent a letter to his business associates threatening to ruin them?
(a) Henry Rogers.
(b) J. Pierpont Morgan.
(c) William Rockefeller.
(d) Cornelius Vanderbilt.

4. What did Marx's father hope he would study?
(a) Religion.
(b) Politics.
(c) Law.
(d) Medicine.

5. The new philosophy of survival with the market system brought with it what new social problem?
(a) Getting the poor rich.
(b) Getting the rich poor.
(c) Keeping the poor poor.
(d) Keeping the poor drunk.

Short Answer Questions

1. Where was New Harmony located?

2. Charles Fourier is classified as _________. (fill in the blank)

3. Hobson's views fit right into the views of whom?

4. Heilbroner believes economists wield power greater than _________. (fill in the blank)

5. The fact that man is _________ makes survival difficult. (fill in the blank)

(see the answer key)

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