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

2. How are a philosopher and a street porter the same?
(a) Their desire and motivations would be very similar.
(b) Their first six years of life would have been very similar.
(c) Their goals for life would be very similar.
(d) Their family life would be very similar.

3. What is the common instrument of commerce and exchanges in some parts of the coast of India?
(a) Sugar.
(b) Shells.
(c) Salt.
(d) Tobacco.

4. What does the proportion between capital and revenue regulate?
(a) The proportion between production and wages.
(b) The proportion between industry and idleness.
(c) The proportion between labor and manufacturing.
(d) The proportion between capital and money.

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

Short Answer Questions

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

2. What kind of revenue is made from the interest on money?

3. How are capitals increased?

4. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?

5. Which commodity is more susceptible to price variations?

(see the answer key)

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