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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. Schumpeter presents his views about the 1930's in his book called __________. (fill in the blank)
(a) The Great Depression.
(b) Business Cycles.
(c) Innovators.
(d) Poor Economics.

2. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)
(a) Boots and hats.
(b) Corn and wheat.
(c) Gloves and shoes.
(d) Rents and costs.

3. The market system was compelled largely by what idea?
(a) Work.
(b) Gain.
(c) Need.
(d) Loss.

4. The society that Marx believed would follow capitalism would be _________. (fill in the blank)
(a) Wealthy.
(b) Well-planned.
(c) Classless.
(d) Profitable.

5. What year did Veblen die?
(a) 1931.
(b) 1930.
(c) 1927.
(d) 1929.

Short Answer Questions

1. Pamphlets printed at the time of his work compared Malthus with whom?

2. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)

3. What did the market system become known as?

4. Keynes was involved in what important conference after World War II?

5. What was detested by factory workers in the late 1700's?

(see the answer key)

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