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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. What is a person's revenue equal to?
(a) The wages he is paid.
(b) The money left over after buying his necessities.
(c) The quantity of comsumable goods he can purchase.
(d) The stock that is put into reserve.

3. In what country is the Ganges River?
(a) Italy.
(b) India.
(c) Egypt.
(d) Bengal.

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

5. What is a common characteristic for a workman under division of labor?
(a) Every workman has increased purchasing power.
(b) Every workman is equal to every other workman.
(c) Every workman has the means to improve himself.
(d) Every workman produces more than he needs.

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

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

8. In some measure, every man in a growing commercial society becomes what?
(a) A farmer.
(b) A merchant.
(c) A scholar.
(d) A tinker.

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

10. What is the common instrument of commerce and exchanges in Virginia?
(a) Salt.
(b) Shells.
(c) Sugar.
(d) Tobacco.

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

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

13. What commodity would a butcher be unlikely to exchange for?
(a) Meat.
(b) Bread.
(c) Wine.
(d) Cloth.

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

15. Why are the silks of France better and cheaper than those of England?
(a) Because silk manufacturing is not as well suited to the climate of England as it is to that of France.
(b) Because France has an extreme surplus of silk manufacturers.
(c) Because silk manufacturing is not popular in England.
(d) Because there is little demand for English silk.

Short Answer Questions

1. Which Mediterranean country seems to have been the first in which either agriculture or manufacturers were cultivated and improved to any considerable degree?

2. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?

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

4. 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?

5. What is the actual price at which any commodity is commonly sold called?

(see the answer keys)

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