View a FREE sample

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

Multiple Choice Questions

1. Keynes received an appointment to a Royal Commission studying what?
(a) The market crash.
(b) Unemployment.
(c) Monetary reform.
(d) Indian currency.

2. Who presented his theory of economics in Calculus of Pleasure and Pain?
(a) Stanley Jevrons.
(b) Frederic Bastiat.
(c) Francis Ysidro Edgeworth.
(d) Leon Walras.

3. What was the name of Marx's devoted wife?
(a) June.
(b) Jane.
(c) Jenny.
(d) Julia.

4. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)
(a) Imperialism.
(b) Political economy.
(c) Phrenology.
(d) Socialsim.

5. As imperialism waned or changed, what came into being?
(a) Free trade.
(b) Tarriffs.
(c) Multinational corporations.
(d) Imminent domain.

Short Answer Questions

1. Who sent a letter to his business associates threatening to ruin them?

2. What was the keynote to Thorstein Veblen's life?

3. From where did Veblen graduate with a Ph.D?

4. Henry George's favorite idea was called __________. (fill in the blank)

5. The Communist Manifesto was the platform for _________. (fill in the blank)

Short Essay Questions

1. What was Joseph Schumpeter's theory about the Great Depression?

2. What was dialectical materialism?

3. What was the surplus value theory?

4. What was the flaw in capitalism according to Hobson?

5. What was Francis Ysidro Edgeworth's theory?

6. What was the basic focus of Marx's Capital?

7. What was the economic situation in the early 1900's in America?

8. What kind of tax did Henry George propose?

9. What was the premise of The Communist Manifesto?

10. What was Veblen's theory about the Savage Society?

(see the answer keys)

This section contains 975 words (approx. 4 pages at 300 words per page) View a FREE sample