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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. Pamphlets printed at the time of his work compared Malthus with whom?

2. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)

3. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

4. The fact that man is _________ makes survival difficult. (fill in the blank)

5. Dr. Richard Price felt that the population had declined by how much?

Short Essay Questions

1. What does Heilbroner say is the core of economics?

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

3. What were the beliefs of the Saint-Simonians?

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

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

6. What was the premise of Adam Smith's first book, The Theory of Moral Sentiments?

7. Why was Ricardo against the Corn Laws?

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

9. What does Heilbroner say that economists provide?

10. How was English society divided at the time of Adam Smith?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Who were the underground economists? What were their theories? What was the historical significance of these theories?

Essay Topic 2

Use at least four of the worldly philosophers to discuss this statement: "History is basically the history of changes that take place in thinking and economics is basically a theory of historical movement."

Essay Topic 3

What are Veblen's theories on capitalism and how were they received by society at the time?

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