The Worldly Philosophers Test | Mid-Book Test - Medium

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 - Medium

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 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. The new philosophy of survival with the market system brought with it what new social problem?
(a) Keeping the poor drunk.
(b) Keeping the poor poor.
(c) Getting the poor rich.
(d) Getting the rich poor.

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

3. At the beginning of the 1800's, England had two strong classes emerge; an _________ class and an agricultural class. (fill in the blank)
(a) Landowner.
(b) Urban.
(c) Wealthy.
(d) Industrial.

4. Adam Smith was a lecturer in what area?
(a) Religious Science.
(b) Economic Philosphy.
(c) Religion.
(d) Moral Philosophy.

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

Short Answer Questions

1. "Each should do what was to his best monetary advantage" describes what system?

2. _________ is concerned with finding some reason for the cosmos. (fill in the blank)

3. According to Mills, there would be a gradual disappearance of what?

4. Heilbroner says through his book, the reader has embarked on _________. (fill in the blank)

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

Short Essay Questions

1. Why did economics not begin with Adam Smith as many people believe?

2. How did David Ricardo view society?

3. What is the difference between markets and the market system?

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

5. Why was Ricardo against the Corn Laws?

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

7. What is the role of self-interest in the market place, according to Adam Smith?

8. What factors determine a nation's wealth, according to Adam Smith?

9. How did the Corn Laws benefit the landowners?

10. What does Heilbroner say that economists provide?

(see the answer keys)

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