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