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

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

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

4. What is the intention of the fixed capital?
(a) To increase the speed of manufacturing.
(b) To increase the productive powers of labour.
(c) To decrease the overhead cost of manufacturing.
(d) To decrease the number of workmen needed.

5. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?
(a) Gross rent.
(b) Production rent.
(c) Net rent.
(d) Consumption rent.

Short Answer Questions

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

2. What is true about the amount of metal coins which circulate in a society?

3. What is the whole annual produce of the land and labor of every country used for?

4. According to Homer, how much did the armor of Diomede cost?

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

(see the answer key)

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