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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) Consumption rent.
(b) Production rent.
(c) Net rent.
(d) Gross rent.

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

3. How are capitals increased?
(a) By misconduct.
(b) By parsimony.
(c) By prodigality.
(d) By industry.

4. What is a consequence of replacing gold money with paper money?
(a) It allows for increased wages.
(b) It allows for more buying power.
(c) It promotes a new industry.
(d) It costs less both to erect and to maintain.

5. What kind of commodity must be sold quickly?
(a) Those with abundance of supply.
(b) Those no longer wanted.
(c) Those which will not endure.
(d) Those in short supply.

Short Answer Questions

1. What is the common instrument of commerce and exchanges in some parts of the coast of India?

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

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

4. How are the dispositions that form the difference of talents of various professions considered?

5. What happens when the demand of a commodity is larger than the supply?

(see the answer key)

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