The Worldly Philosophers Test | Mid-Book Test - Hard

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 - Hard

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 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. Who wrote the Tableau Economique?

3. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?

4. What did Heilbroner say was one of the factors bringing about the economic changes to a market system?

5. 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?

Short Essay Questions

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

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

3. Why does Heilbroner find it strange that people don't know about the worldly philosophers?

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

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

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

7. What is the greatest danger to survival in an advanced society?

8. What does Heilbroner say that economists provide?

9. Why was Ricardo against the Corn Laws?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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

Essay Topic 2

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

Essay Topic 3

Explain from a historical standpoint how the market system came into existence. Include specific dates, events, etc. to support your explanation.

(see the answer keys)

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