View a FREE sample

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

Short Answer Questions

1. Keynes was involved in what important conference after World War II?

2. Where was The Communist Manifesto written?

3. The period that followed the stock market crash is referred to as __________. (fill in the blank)

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

5. Because John A. Hobson was labeled as a __________, he turned his attention to South Africa. (fill in the blank)

Short Essay Questions

1. What was Keynes theory about savings?

2. What was dialectical materialism?

3. What is the premise of Joseph Schumpeter's The Theory of Economic Development?

4. What was the surplus value theory?

5. Why did Thorstein Veblen feel compelled to write about American economics?

6. How did Frederic Bastiat ridicule economics?

7. What was the premise of The Communist Manifesto?

8. What is Joseph Schumpeter's background?

9. What is the background of John Maynard Keynes?

10. What was Francis Ysidro Edgeworth's theory?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

What was the main thrust of The Communist Manifesto, and why did it have such a long-term impact on society?

Essay Topic 3

Why did Keynes think business cycles had to be countered by government intervention? What did he call this and what did he propose governments do? How did this vary from Adam Smith's views?

(see the answer keys)

This section contains 878 words (approx. 3 pages at 300 words per page) View a FREE sample