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This quiz consists of 5 multiple choice and 5 short answer questions through Behind the Worldly Philosophy.

Multiple Choice Questions

1. According to Engels and Marx, what does "dialectical" mean?
(a) Chance.
(b) Discussion.
(c) Diverse.
(d) Change.

2. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?
(a) America.
(b) Germany.
(c) England.
(d) France.

3. What is Marx's theory of valuation is called?
(a) Value Theory of Labor.
(b) Labor Theory of Value.
(c) Communism.
(d) Socialism.

4. Because John A. Hobson was labeled as a __________, he turned his attention to South Africa. (fill in the blank)
(a) Fantasizer.
(b) Genius.
(c) Communist.
(d) Heretic.

5. Leon Walras felt that math could be used to determine what?
(a) The profitable price of a good.
(b) The highest price of a good.
(c) The equilibrium price of a good.
(d) The lowest price of a good.

Short Answer Questions

1. Most of the featured economists could never master _________. (fill in the blank)

2. Who failed to recognize the wealth creating ability of labor?

3. At the beginning of the 1800's, England had two strong classes emerge; an _________ class and an agricultural class. (fill in the blank)

4. The outright fraud used by wealthy Americans was referred to in publications as __________. (fill in the blank)

5. Schumpeter's book makes a distinction between ___________ successes and sociological successes. (fill in the blank)

(see the answer key)

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