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

Multiple Choice Questions

1. What was Ricardo's job?
(a) Professor.
(b) Stockbroker.
(c) Researcher.
(d) Landlord.

2. What is the biggest danger facing a modern community?
(a) Economics.
(b) Human predictability.
(c) Human unpredictability.
(d) Excommunication.

3. According to Heilbroner, these men who have had such an impact on society are known as _________. (fill in the blank)
(a) The Great Economists.
(b) The Nine Influences.
(c) The Miracle Workers.
(d) The Money Makers.

4. According to Malthus, how did nature control the resources of the world?
(a) Through death.
(b) Through famine.
(c) Through poverty.
(d) Through war.

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

6. What did the market system become known as?
(a) Capitalism.
(b) Communism.
(c) Populism.
(d) Marxism.

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

8. Where was New Harmony located?
(a) Manchester.
(b) New York.
(c) London.
(d) Indiana.

9. What helped bring an end to the religiousness of the population in Europe?
(a) Foreign exploration.
(b) The Industrial Revolution.
(c) The Italian Renaissance.
(d) The death of the pope.

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

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

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

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

14. Where was Adam Smith educated?
(a) University of England.
(b) Oxford.
(c) University of Glasgow.
(d) Harvard.

15. Robert Owen wanted to bring an end to what?
(a) Poverty.
(b) Assembly lines.
(c) Utopian communities.
(d) Monarchies.

Short Answer Questions

1. What did all of the these economists do?

2. What has played a central role in population control in the Western hemisphere?

3. What took care of early man's inner conflict between himself and the group?

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

5. Malthus's essay earned economics the nickname _________. (fill in the blank)

(see the answer keys)

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