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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

1. According to Homer, how much did the armor of Diomede cost?
(a) Eleven oxen.
(b) Ten oxen.
(c) Nine oxen.
(d) Eight oxen.

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

3. How does an individual live within a civilized society?
(a) His dependence or independence is entirely up to him.
(b) He needs the cooperation and assistance of many other people.
(c) He is completely independent of other people.
(d) He needs the cooperation and assistance of only his friends.

4. What kind of revenue constitutes the whole annual produce of the a country's land and labor?
(a) Consumption revenue.
(b) Gross revenue.
(c) Net revenue.
(d) Production revenue.

5. How are capitals increased?
(a) By parsimony.
(b) By prodigality.
(c) By industry.
(d) By misconduct.

Short Answer Questions

1. In all countries, what do men prefer in exchange for commodities?

2. What is not an example of unproductive labor?

3. What does a man expect when he employs his stock as capital?

4. What kind of rent is paid by a farmer?

5. How did the idea of division of labor come about?

(see the answer key)

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