1. 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) Substitute the quantity of pure metal contained in their coins.
(c) Augment the quantity of pure metal contained in their coins.
(d) Diminish the quantity of pure metal contained in their coins.

2. Why are new machines more likely to be invented under division of labor?
(a) Men have more time to experiment with various options and potential improvements.
(b) Men are more likely to discover more efficient methods of production when their entire focus is directed towards a single step of the process.
(c) Division of labor promotes speculation and new ideas to be tried.
(d) New machines are required when labor has been divided.

3. What can be said for division of labor for all kinds of manufacturing?
(a) Many individuals and processes come together to complete a product.
(b) Division of labor does not affect the quantity of products manufactured.
(c) The quality of products manufactured are improved greatly.
(d) Machines replace many workmen who are moved to other jobs.

4. What causes the difference between a philosopher and a street porter?
(a) Opportunity, talent, and birth.
(b) Birth, income, and upbringing.
(c) Habit, custom, and education.
(d) Natural talent and propensity.

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