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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. The second stop on Heilbroner's historical journey describes the number of markets visited by one man in 1550, in what country?

2. What year did the British Labor Movement begin?

3. Who failed to recognize the wealth creating ability of labor?

4. The market system was compelled largely by what idea?

5. _________ was based on true wealth only being created in agriculture. (fill in the blank)

Short Essay Questions

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

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

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

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

5. How did Ricardo and Malthus differ in their views?

6. What does Heilbroner say in his introduction that the worldly philosophers did "quietly and inconspicuously"?

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

8. What is the proof that there is not a perfect solution to man's survival?

9. What was the market system?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain the historical and philosophical roots of capitalism. Use specific evidence from the book to support your explanation.

Essay Topic 2

How successful were the worldly philosophers in determining how the role of order and meaning functions within the context of social history? Support your answer with evidence and examples.

Essay Topic 3

In your opinion, who was the most influential of the worldly philosophers and why? Discuss his theories to support your opinion.

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