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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. How old was Veblen when he got his first paying job?
(a) Thirty-five.
(b) Fifteen.
(c) Twenty-five.
(d) Forty-five.

2. What was the ultimate objective of the worldly philosophers?
(a) Economic equality.
(b) Financial stability.
(c) Social understanding.
(d) Democratic freedom.

3. What is the most worldly of all man's activities, according to Heilbroner?
(a) The need for food.
(b) The drive for wealth.
(c) The need for religion.
(d) The drive for companionship.

4. Charles Fourier is classified as _________. (fill in the blank)
(a) A Labor Unionist.
(b) A Gloomy Economist.
(c) An Economic Revolutionary.
(d) An Utopian Socialist.

5. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)
(a) Wages.
(b) Profits.
(c) Incomes.
(d) Investments.

Short Answer Questions

1. Who won a Nobel Prize for forcefully preaching the virtues of the free market?

2. What are economists considered by the rules of schoolboy history books?

3. Keynes felt the business cycles had to be countered by __________. (fill in the blank)

4. Adam Smith defined wealth in terms of what?

5. The early days of the industrial revolution resulted in workplace abuse, especially for ___________. (fill in the blank)

(see the answer key)

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