The Worldly Philosophers Test | Mid-Book Test - Easy

This set of Lesson Plans consists of approximately 113 pages of tests, essay questions, lessons, and other teaching materials.

The Worldly Philosophers Test | Mid-Book Test - Easy

This set of Lesson Plans consists of approximately 113 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Worldly Philosophers Lesson Plans
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is production dependent upon?
(a) Profits.
(b) Nature.
(c) Wages.
(d) Distribution.

2. Adam Smith defined wealth in terms of what?
(a) Produce.
(b) Goods.
(c) Land.
(d) Gold.

3. One of the featured economists was never more than what?
(a) A hack.
(b) A drunk.
(c) A traveling salesman.
(d) An insurance salesman.

4. At what university was Adam Smith on the faculty?
(a) Harvard.
(b) University of Glasgow.
(c) University of England.
(d) Oxford.

5. What kind of survival has man faced from the earliest days on?
(a) Marital.
(b) Monetary.
(c) Economic.
(d) Social.

6. What did all of the these economists do?
(a) Wrote a book.
(b) Died penniless.
(c) Influenced a king.
(d) Never married.

7. Adam Smith left his university position to become a private tutor and traveled through which country?
(a) France.
(b) Russia.
(c) China.
(d) America.

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

9. Owen's idea was totally contrary to the doctrine of _________. (fill in the blank)
(a) The Law of Accumulation.
(b) Laissez-faire.
(c) Physiocracy.
(d) Democracy.

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

11. Who is to blame for the lack of glamour in the field of economics?
(a) Economists.
(b) The press.
(c) Students.
(d) Citizens.

12. What theory explains that higher wages will call forth more workers because higher wages result in better living conditions and lower mortality figures?
(a) Law of Population.
(b) Law of Economics.
(c) Law of Accumulation.
(d) Law of Assimilation.

13. Heilbroner says through his book, the reader has embarked on _________. (fill in the blank)
(a) A journey to financial wisdom.
(b) A journey through hell.
(c) A journey through history.
(d) A journey to wealth.

14. "Each should do what was to his best monetary advantage" describes what system?
(a) Market.
(b) Tradition.
(c) Authority.
(d) Religion.

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

Short Answer Questions

1. Where was New Harmony located?

2. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?

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

4. Owen's idea called for the creation of _________. (fill in the blank)

5. According to Malthus, how did nature control the resources of the world?

(see the answer keys)

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