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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. According to Heilbroner, economists changed the world not through __________, but through power of their ideas. (fill in the blank)
(a) Wealth.
(b) Laughter.
(c) Mischief.
(d) Force.

2. Smith was a firm believer in _______________, or leave the market alone. (fill in the blank)
(a) Laissez-faire.
(b) Macroeconomics.
(c) Physiocracy.
(d) Agricracy.

3. Eighteenth-century England thought the population to be somewhere around 5.5 million people, and it was not expected to double for approximately how many years?
(a) Six hundred years.
(b) Seven hundred years.
(c) Two hundred years.
(d) Five hundred years.

4. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)
(a) Traditions.
(b) Religion, custom, and authority.
(c) Land, factories, and capital.
(d) Land, labor, and capital.

5. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?
(a) 1776.
(b) 1798.
(c) 1813.
(d) 1801.

6. What has played a central role in population control in the Western hemisphere?
(a) Governments.
(b) Disease.
(c) War.
(d) Birth control.

7. Who started New Lanark?
(a) Robert Owen.
(b) Count Henri de Rouvroy de Saint-Simone.
(c) The Duke of York.
(d) Charles Fourier.

8. How many of the economists featured in the book made their own fortune?
(a) Four.
(b) Three.
(c) Seven.
(d) Nine.

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

10. Saint-Simone was a firm believer in _________. (fill in the blank)
(a) Physiocracy.
(b) Laissez-faire.
(c) The Law of Accumulation.
(d) Democracy.

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

12. Malthus's essay earned economics the nickname _________. (fill in the blank)
(a) Dismal science.
(b) Population science.
(c) Death science.
(d) Wealth science.

13. The followers of Saint-Simone proposed an end to _________. (fill in the blank)
(a) Democracy.
(b) Villages of Cooperation.
(c) Industrial production.
(d) Private property.

14. Ricardo was the son of a Jewish merchant banker from _________. (fill in the blank)
(a) France.
(b) Holland.
(c) Germany.
(d) England.

15. The first stop on Heilbroner's description of how economists became necessary to society is France in what year?
(a) 1630.
(b) 1776.
(c) 1305.
(d) 1550.

Short Answer Questions

1. What is the biggest danger facing a modern community?

2. What was the length of the common workday during the early days of the Industrial Revolution?

3. Malthus continued to work on his theory of population and the food supply and assumed that humans could double their number every _________. (fill in the blank)

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

5. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

(see the answer keys)

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