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

Multiple Choice Questions

1. What are the three original sources of all revenue?
(a) Trade, taxes, and wages.
(b) Commerce, taxes, and trade.
(c) Wages, profit, and rent.
(d) Profit, taxes, and commerce.

2. What year was the Bank of England allowed to enlarge its capital stock?
(a) 1697.
(b) 1698.
(c) 1695.
(d) 1696.

3. What word expressed the weight or quantity of metal contained in the first coins?
(a) Stamp.
(b) Purity.
(c) Denomination.
(d) Fineness.

4. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?
(a) Those who do not labor at all.
(b) Those who labor only for themselves.
(c) Those who labor in another country.
(d) Those who are not citizens of the country.

5. How are capitals diminished?
(a) By revenue.
(b) By parsimony.
(c) By prodigality.
(d) By industry.

Short Answer Questions

1. How are the dispositions that form the difference of talents of various professions considered?

2. What does the part of the annual production of the land and labor of any country which replaces a capital do?

3. What are the two kinds of labor?

4. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

5. What is a consequence of replacing gold money with paper money?

(see the answer key)

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