1. Why is political economy not primarily concerned with the body politic?           | Text |

2. Does political economy deal with questions that arise within a single family?           | Text |

3. Does political economy concern itself with the kinds of desires that people seek to satisfy? Explain.           | Text |

4. The two fundamental elements of political economy are           | Text |

a. human beings and nature.
b. labor and capital.
c. natural law and human law.
d. rights and privileges.

5. In the production and distribution of wealth, what is:           | Text |

a) the originating motive?
b) the means employed?
c) the end sought?

6. Do people add to or subtract from the sum of matter and energy in the universe? Why is this question relevant to the science of political economy?           | Text |

\ 7. We know that human desires are unlimited because           | Text |

a. there will always be poor people.
b. there is a constant tendency to inflate the money supply.
c. all modern economies exhibit positive growth.
d. they cannot be satisfied without some irksome toil.

8. The fundamental goal of economic activity is           | Text |

a. the satisfaction of human desires.
b. the maintainance and nourishment of the body politic.
c. the maintainance and nourishment of the body politic.
c. the production of wealth.

9. In George's view, the fundamental law of economic analysis is that people seek to satisfy their desires with the least exertion. How does this differ from the "assumption of universal selfishness" as a fundamental principle?            | Text |

10. When is it appropriate to use a deductive method in political economy?            | Text |

11. A hypothesis is to a deduction as           | Text |

a. a finished building is to an architects's model.
b. a court ruling is to the Constitution.
c. an ingredient is to a recipe.
c. a taste-test is to an entree.

12. What is wrong with using an entirely inductive method in political economy?            | Text |

13. What is the "great working tool" of political economy?            | Text |

14. Why does George believe there is no such thing as an "art of political economy"?            | Text |

15. According to George, what would constitute a "black art" of political economy?            | Text |