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

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

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

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

5. The ordinary or average rates of wages, profit, and rent may also be called what?
(a) The derived rates.
(b) The common rates.
(c) The commodity rates.
(d) The natural rates.

Short Answer Questions

1. What year was the Bank of England allowed to enlarge its capital stock?

2. To what price do all commodities gravitate?

3. Commonly, why does man #1 help man #2?

4. What does the part of the annual production of the land and labor of any country which replaces a capital do?

5. What does the proportion between capital and revenue regulate?

(see the answer key)

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