View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

1. What was the common instrument of commerce among the ancient Romans?
(a) Iron.
(b) Silver.
(c) Gold.
(d) Copper.

2. What does the text say about the difference of the natural talents in men?
(a) That all men have unique talents unto themselves.
(b) That talent is natural and cannot be cultivated or improved.
(c) That they are not really that different.
(d) That they are so different as so never to be changeable.

3. What kind of commodity must be sold quickly?
(a) Those in short supply.
(b) Those with abundance of supply.
(c) Those no longer wanted.
(d) Those which will not endure.

4. What is another name for paper money?
(a) Promissory notes.
(b) Debtors' notes.
(c) Circulating notes.
(d) Commerce notes.

5. Under what circumstance would every man have to perform exactly the same duties and do exactly the same work?
(a) If there were no organized society.
(b) If there were no manufacturers of commodities.
(c) If there were no truck, barter, and exchange.
(d) If there were no difference of talent.

Short Answer Questions

1. According to Homer, how much did the armor of Diomede cost?

2. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?

3. How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries?

4. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?

5. What was the original form of the metals used for commerce?

(see the answer key)

This section contains 325 words (approx. 2 pages at 300 words per page) View a FREE sample