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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 1.

Multiple Choice Questions

1. What does the division of labor do for a manufacturer?
(a) It simplifies the productive powers of labor.
(b) It complicates the productive powers of labor.
(c) It increases the productive powers of labor.
(d) It decreases the productive powers of labor.

2. What causes the difference between a philosopher and a street porter?
(a) Opportunity, talent, and birth.
(b) Habit, custom, and education.
(c) Birth, income, and upbringing.
(d) Natural talent and propensity.

3. What is one characteristics of a fixed capital?
(a) It never changes masters.
(b) It always changes masters.
(c) It has no real master.
(d) It goes back and forth between masters.

4. The laborer is rich or poor, is well or ill rewarded, in proportion to what?
(a) The nominal price of his purchases.
(b) The real price of his purchases.
(c) The nominal price of his labor.
(d) The real price of his labor.

5. Where are the separation of different trades and employments from one another generally found?
(a) In those countries which enjoy the highest degree of industry and improvement.
(b) In those countries which are have completed their industry and improvement.
(c) In those countries which have the least degree of industry and improvement.
(d) In those countries which have yet to pursue industry and improvement.

Short Answer Questions

1. What are the three original sources of all revenue?

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

3. What kind of revenue is made from the interest on money?

4. What is the real price of a thing a person wants?

5. To what price do all commodities gravitate?

(see the answer key)

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