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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 are the two kinds of labor?
(a) Professional and unskilled.
(b) Wage earning and charitable.
(c) Productive and unproductive.
(d) Manual and mental.

2. How does annual consumption compare to annual spending?
(a) More is spent.
(b) They are nearly the same.
(c) There is no correlation.
(d) More is consumed.

3. What kind of demand brings a commodity to market?
(a) A natural demand.
(b) An absolute demand.
(c) An effectual demand.
(d) A proportionate demand.

4. To what price do all commodities gravitate?
(a) The natural price.
(b) The nominal price.
(c) The stated price.
(d) The effectual price.

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

Short Answer Questions

1. What is the intention of the fixed capital?

2. What was the common instrument of commerce among the ancient Romans?

3. How are capitals increased?

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

5. What does the text say about the difference of the natural talents in men?

(see the answer key)

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