Eugen von Böhm-Bawerk - Quiz
Eugen von Böhm Bawerk
  • 1. In which city was Eugen von Böhm-Bawerk born?
A) Innsbruck
B) Leipzig
C) Brno
D) Vienna
  • 2. Which economist did Böhm-Bawerk consider himself an enthusiastic disciple of?
A) Wilhelm Roscher
B) Bruno Hildebrand
C) Carl Menger
D) Karl Knies
  • 3. Böhm-Bawerk is best known for which theory regarding capital?
A) Roundaboutness
B) Gold standard theory
C) Sugar subsidy theory
D) Labor theory of value
  • 4. Which political office did Böhm-Bawerk hold intermittently between 1895 and 1904?
A) Chancellor of Austria
B) President of the Academy of Sciences
C) Minister of Finance
D) Ambassador to the German court
  • 5. What key factor did Böhm-Bawerk argue Marx ignored in his exploitation theory?
A) Marginal utility
B) Gold standard
C) Taxation
D) Time
  • 6. What measure did Böhm-Bawerk eliminate in 1902?
A) Sugar subsidy
B) Public works spending
C) Gold standard
D) Income tax
  • 7. Which of these economists was a student of Böhm-Bawerk at the University of Vienna?
A) Friedrich von Wieser
B) Carl Menger
C) Karl Knies
D) Joseph Schumpeter
  • 8. What did Böhm-Bawerk argue is the primary determinant of interest rates?
A) Capital quantity
B) Productivity of land
C) Time preference
D) Labor input
  • 9. What specific banknote featured the image of Böhm-Bawerk?
A) One-hundred schilling
B) Fifty schilling
C) Five-hundred schilling
D) One-thousand schilling
  • 10. How did Böhm-Bawerk characterize the relationship between the capitalist and the worker?
A) Capitalists and workers are irrelevant to value
B) Capitalists exploit workers by underpaying them
C) Capitalists are parasitic on labor
D) Capitalists help workers by providing income in advance of production
  • 11. Which work by Böhm-Bawerk is considered his masterpiece?
A) Principles of Economics
B) The Positive Theory of Labor
C) Economic Theory of the Leisure Class
D) Capital and Interest
  • 12. What did Böhm-Bawerk identify as the 'basic error' in Marx's system?
A) A refusal to use mathematics
B) A failure to account for supply and demand
C) An obsession with inflation
D) A self-contradiction between the law of value and prices of production
  • 13. In the farmer analogy for marginal utility, what was the fifth sack of corn used for?
A) Feeding parrots
B) Feeding poultry
C) Making bread
D) Making spirits
  • 14. What did Böhm-Bawerk argue regarding the value of a product and the worker?
A) The worker produces the entire value of the product
B) Labor can only be paid at the present value of foreseeable output
C) The capitalist creates all value
D) Value is determined solely by hours of labor
  • 15. Which organization's presidency did Böhm-Bawerk hold in 1911?
A) Academy of Sciences
B) University of Vienna
C) Ministry of Finance
D) House of Peers
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