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

Multiple Choice Questions

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

2. What do princes and sovereign states frequently do with their coinage?
(a) Substitute the quantity of pure metal contained in their coins.
(b) Refuse to change the quantity of pure metal contained in their coins.
(c) Diminish the quantity of pure metal contained in their coins.
(d) Augment the quantity of pure metal contained in their coins.

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

4. What is one consequence of marketplace competition?
(a) It raises the profits of stock.
(b) It lowers the profits of stock.
(c) It lowers the wages of labor.
(d) It lowers the need for workmen.

5. What kind of person depends chiefly on the benevolence of this fellow citizens?
(a) A child.
(b) A beggar.
(c) An unemployed man.
(d) A woman.

Short Answer Questions

1. As capital increases in any country, what happens to the profits which can be made by employing them ?

2. What kind of business does not lend itself to many subdivisions of labor?

3. Sugar was originally an enumerated commodity which could be exported only to which country?

4. What does the division of labor do for individual workmen?

5. Where do a merchant's or retailer's profits come from?

(see the answer key)

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