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This quiz consists of 5 multiple choice and 5 short answer questions through Book 1, Chapter 5.

Multiple Choice Questions

1. Which country's inland navigation caused its early improvement?
(a) Egypt.
(b) Turkey.
(c) Greece.
(d) Italy.

2. What becomes the common instrument of commerce when barter ceases?
(a) Gold.
(b) Gem stones.
(c) Silver.
(d) Money.

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

4. Commonly, why does man #1 help man #2?
(a) Because man #2 has agreed to pay man #1.
(b) Because man #1 sees man #2's genuine need for help.
(c) Because man #1 has a capacity for benevolence.
(d) Because man #1 derives personal benefit from helping man #2.

5. Which Mediterranean country seems to have been the first in which either agriculture or manufacturers were cultivated and improved to any considerable degree?
(a) Egypt.
(b) Turkey.
(c) Greece.
(d) Italy.

Short Answer Questions

1. How does an individual live within a civilized society?

2. What is the only universal, only accurate measure of value, only standard by which we can compare the values of different commodities at all times and at all places?

3. What can be said for division of labor for all kinds of manufacturing?

4. What was the common instrument of commerce among the ancient Spartans?

5. What opens an even more extensive market to every sort of industry?

(see the answer key)

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