View a FREE sample

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

Multiple Choice Questions

1. Under what circumstance would every man have to perform exactly the same duties and do exactly the same work?
(a) If there were no truck, barter, and exchange.
(b) If there were no difference of talent.
(c) If there were no organized society.
(d) If there were no manufacturers of commodities.

2. In some measure, every man in a growing commercial society becomes what?
(a) A scholar.
(b) A farmer.
(c) A merchant.
(d) A tinker.

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

4. What are the three original sources of all revenue?
(a) Wages, profit, and rent.
(b) Profit, taxes, and commerce.
(c) Trade, taxes, and wages.
(d) Commerce, taxes, and trade.

5. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?
(a) By labor, by barter , or by charity.
(b) By ingenuity, by treaty, or by purchase.
(c) By labor, by charity, or by ingenuity.
(d) By treaty, by barter, or by purchase.

Short Answer Questions

1. How are capitals increased?

2. What is the common instrument of commerce and exchanges in Abyssinia?

3. What is another name for paper money?

4. What encourages every man to apply himself to an occupation and cultivate whatever talent he may possess for that particular business?

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

(see the answer key)

This section contains 314 words (approx. 2 pages at 300 words per page) View a FREE sample