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An Inquiry Into the Nature and Causes of the Wealth of Nations | Quiz

Adam Smith
This Study Guide consists of approximately 42 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of The Wealth of Nations.

An Inquiry Into the Nature and Causes of the Wealth of Nations | Quiz

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1)

The ordinary or average rates of wages, profit, and rent may also be called what? (from End of Book 1)

The common rates.
The commodity rates.
The derived rates.
The natural rates.
2)

What is an example of a mercantile project? (from Book 5, Chapter 2)

A corn field.
A post office.
A gold mine.
A textile company.
3)

Under division of labor, what generally supplies a man's wants? (from Book 2, Chapter 1)

The produce of other men's labor.
The produce of a man's own labor.
The produce of society's labor.
The produce of the country's labor.
4)

What happens if the supply of a commodity is greater than the demand for it? (from End of Book 1)

The commodity goes to waste.
The price rises.
The merchant returns the goods.
The price drops.
5)

How many general types of circulating capital are there? (from Book 2, Chapter 1)

Two.
Three.
Four.
Five.
6)

What is not an example of unproductive labor? (from Book 2, Chapter 3)

The school room.
The traders shop.
The church.
The military.
7)

What is a common source of revenue for small republics? (from Book 5, Chapter 2)

Exports.
Small businesses.
Surplus goods.
Mercantile projects.
8)

What do hoarders fear in a rude state of society with no great mercantile or manufacturing capital? (from Book 5, Chapter 3)

Plunder from their peers.
Necessary expenses.
Plunder from the government.
Extravagant expenses.
9)

What year was the Bank of England allowed to enlarge its capital stock? (from Book 2, Chapter 2)

1696.
1695.
1698.
1697.
10)

By the nature of things, what must there be before the division of labor in a particular job? (from Book 2, Chapter 1)

The distribution of goods.
The training of workmen.
The accumulation of stock.
The acquistion of capital.
11)

What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence? (from Book 3, Chapter 1)

Artificers.
Cultivation.
Raw materials.
Commerce.
12)

What does the proportion between capital and revenue regulate? (from Book 2, Chapter 3)

The proportion between industry and idleness.
The proportion between labor and manufacturing.
The proportion between capital and money.
The proportion between production and wages.
13)

What is one characteristics of a fixed capital? (from Book 2, Chapter 1)

It always changes masters.
It never changes masters.
It has no real master.
It goes back and forth between masters.
14)

What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market? (from End of Book 3 & Book 4, Chapter 1)

The rise in the money price of commodities.
Government directed money prices of commodities.
Fixed money prices of commodities.
The fall in the money price of commodities.
15)

To what price do all commodities gravitate? (from End of Book 1)

The stated price.
The nominal price.
The effectual price.
The natural price.
16)

Why isn't the wool of southern Scotland manufactured there? (from Book 2, Chapter 5)

They don't have the capital to manufacture it.
It's cheaper to manufacture it elsewhere.
They don't have enough laborers to manufacture it.
They don't have the factory to manufacture it.
17)

At the time the book was written, what commodity regulated the value of all other home-made commodities? (from End of Book 3 & Book 4, Chapter 1)

Corn.
Textiles.
Wine.
Wheat.
18)

What does the interest rate on borrowed money need to be to prevent usury? (from Book 2, Chapter 4)

The rate needs to be half the lowest market price.
The rate needs to be equal to the lowest market price.
The rate needs to be somewhat above the lowest market price.
The rate needs to be somewhat below the lowest market price.
19)

Who established the French colony of St. Domingo? (from End of Book 4 & Book 5, Chapter 1)

Farmers and fishermen.
Pirates and freebooters.
Merchants and traders.
Freed slaves and bondmen.
20)

Where does vanity almost always lead? (from Book 5, Chapter 3)

To poverty.
To extravangance.
To parismony.
To superiority.
21)

When was the Bank of England incorporated? (from Book 2, Chapter 2)

The 27th of July, 1696.
The 27th of July, 1695.
The 27th of July, 1693.
The 27th of July, 1694.
22)

What is true of both a farm and a retail trade? (from Book 2, Chapter 5)

Each are confined to a precise spot.
Each are a mobile business.
Each are suspectible to interest rates.
Each must invest their fixed capital.
23)

How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries? (from Book 2, Chapter 3)

It is less in poor countries.
It is less in rich countries.
It is greater in rich countries.
It is greater in poor countries.
24)

What is the principal cause of the rapid progress of the American colonies? (from Book 2, Chapter 5)

Nearly their entire capitals are employed in land.
Nearly their entire capitals are employed in commerce.
Nearly their entire capitals are employed in agriculture.
Nearly their entire capitals are employed in settlements.
25)

What happens when the demand of a commodity is larger than the supply? (from End of Book 1)

The price rises.
More goods are brought in.
The price falls.
The commodity is sold out.
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An Inquiry Into the Nature and Causes of the Wealth of Nations from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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