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This quiz consists of 5 multiple choice and 5 short answer questions through Book 1, Chapter 5.

Multiple Choice Questions

1. What was the original form of the metals used for commerce?
(a) Bars.
(b) Nuggets.
(c) Lumps.
(d) Coins.

2. How does division of labor affect the time required for the manufacturing process?
(a) It lengthens the time of production while producing a better product.
(b) It reduces the time for a product to be completed.
(c) It lengthens the overall time of production.
(d) It reduces the time between a workman's different tasks.

3. What do princes and sovereign states frequently do with their coinage?
(a) Refuse to change the quantity of pure metal contained in their coins.
(b) Diminish the quantity of pure metal contained in their coins.
(c) Substitute the quantity of pure metal contained in their coins.
(d) Augment the quantity of pure metal contained in their coins.

4. Where are the separation of different trades and employments from one another generally found?
(a) In those countries which are have completed their industry and improvement.
(b) In those countries which have the least degree of industry and improvement.
(c) In those countries which have yet to pursue industry and improvement.
(d) In those countries which enjoy the highest degree of industry and improvement.

5. According to Homer, how much did the armor of Diomede cost?
(a) Ten oxen.
(b) Nine oxen.
(c) Eight oxen.
(d) Eleven oxen.

Short Answer Questions

1. What does the division of labor do for individual workmen?

2. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?

3. How does an individual live within a civilized society?

4. What is the real price of a thing a person wants?

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

(see the answer key)

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