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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. John Stuart Mill's book was written when he was in his forties. What is the name of the book?
(a) Essay on the Principles of Population.
(b) Principles of Political Economy.
(c) Principles of Economic Success.
(d) The Wealth of Nations.

2. 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) 1801.
(c) 1798.
(d) 1813.

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

4. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?
(a) America.
(b) England.
(c) France.
(d) Germany.

5. What does Heilbroner think is strange about ancient civilizations?
(a) There was no currency.
(b) There was no plan for survival.
(c) There were no economists.
(d) There were no rulers.

Short Answer Questions

1. The mistakes of economist are nothing short of _________. (fill in the blank)

2. It is the forces of ______ that make the market function according to Adam Smith. (fill in the blank)

3. In Mills' model, wages would rise as a result of accumulation of capital. Eventually, the accumulation process would come to an end and enter what stage?

4. What helped bring an end to the religiousness of the population in Europe?

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

Short Essay Questions

1. What led to the introduction of a poor-relief bill and what did it encourage?

2. How does Heilbroner describe the nine economist in his introduction?

3. What was New Lanark?

4. What was Owen's idea to combat poverty?

5. How did David Ricardo view society?

6. Who was Count Henri de Rouvroy de Saint-Simone?

7. What was the premise of Malthus's An Essay on the Principle of Population as it Affects the Future Improvement of Society?

8. What did most people in ancient societies aspire to?

9. What is Adam Smith's Invisible Hand Theory?

10. What was the cause of the creation of the labor class in England?

(see the answer keys)

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