Name: _________________________ | Period: ___________________ |
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Keynes received an appointment to a Royal Commission studying what?
(a) Unemployment.
(b) Indian currency.
(c) Monetary reform.
(d) The market crash.
2. What nationality is Karl Marx?
(a) German.
(b) French.
(c) Brittish.
(d) American.
3. The society that Marx believed would follow capitalism would be _________. (fill in the blank)
(a) Well-planned.
(b) Profitable.
(c) Wealthy.
(d) Classless.
4. What did Veblen call individual churches?
(a) Retail outlets.
(b) Houses of God.
(c) Time wasters.
(d) Places of ill repute.
5. According to The Communist Manifesto, what would be a transition period followed by pure Communism?
(a) Socialism.
(b) Phalansterism.
(c) Capitalism.
(d) Populism.
6. What did Edgeworth use to support his theories?
(a) Chemistry.
(b) Calculus.
(c) Physics.
(d) Algebra.
7. Why does Keynes resign his position from the Peace Conference?
(a) He is opposed to the German reparation payments.
(b) He is in favor of German reparation payments.
(c) He is opposed to the war.
(d) He wanted a more powerful position.
8. How old was Veblen when he got his first paying job?
(a) Thirty-five.
(b) Fifteen.
(c) Twenty-five.
(d) Forty-five.
9. Keynes felt the business cycles had to be countered by __________. (fill in the blank)
(a) Leaving the markets alone.
(b) Private investors.
(c) Government intervention.
(d) Higher wages.
10. The Communist Manifesto first appeared in what year?
(a) 1848.
(b) 1828.
(c) 1844.
(d) 1833.
11. Marx's radicalism was ____________ rather than political. (fill in the blank)
(a) Theoretical.
(b) Educational.
(c) Religious.
(d) Philosophical.
12. How does Schumpeter approach economics in a unique way in his book?
(a) He looks at an economy without any imperialsim.
(b) He looks at an economy without any economic growth.
(c) He looks at an economy with great economic growth.
(d) He looks at an economy without any innovation.
13. What year did Veblen die?
(a) 1931.
(b) 1930.
(c) 1929.
(d) 1927.
14. The Communist Manifesto was the platform for _________. (fill in the blank)
(a) The Labor Movement.
(b) The Industrial Revolution.
(c) The Fair Trade Act.
(d) The Communist League.
15. Henry George's views were published in his book called __________. (fill in the blank)
(a) The Wealth of Nations.
(b) Progress and Poverty.
(c) Principles of Political Economy.
(d) The Condition of the Working Class.
Short Answer Questions
1. The time period Veblen analyzes is referred to as __________. (fill in the blank)
2. According to Engels and Marx, what does "dialectical" mean?
3. Where was Joseph Schumpeter educated?
4. Where was Joseph Schumpeter born?
5. The Victorian period marked the beginning of what important movement?
This section contains 375 words (approx. 2 pages at 300 words per page) |