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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. What kind of revenue is made from the interest on money?
(a) Laborless revenue.
(b) Renewable revenue.
(c) Derivative revenue.
(d) Taxable revenue.

2. What kind of rent is paid by a farmer?
(a) Production rent.
(b) Gross rent.
(c) Net rent.
(d) Consumption rent.

3. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?
(a) Wages.
(b) Demand.
(c) Tax.
(d) Profit.

4. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?
(a) There was no sufficient encouragement to earn a wage.
(b) There was no sufficient encouragement to industry.
(c) There was no sufficient wage to work in industry.
(d) There was no sufficient industry to work in.

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

Short Answer Questions

1. Under what circumstance would every man have to perform exactly the same duties and do exactly the same work?

2. What kind of revenue constitutes the whole annual produce of the a country's land and labor?

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

4. What are the two kinds of labor?

5. What is it called when gold purchases goods in one foreign country in order to supply the consumption of another?

(see the answer key)

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