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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. In some measure, every man in a growing commercial society becomes what?
(a) A scholar.
(b) A tinker.
(c) A farmer.
(d) A merchant.

2. What word expressed the weight or quantity of metal contained in the first coins?
(a) Purity.
(b) Fineness.
(c) Denomination.
(d) Stamp.

3. What was the common instrument of commerce among the ancient Spartans?
(a) Iron.
(b) Silver.
(c) Gold.
(d) Copper.

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

5. Commonly, why does man #1 help man #2?
(a) Because man #1 has a capacity for benevolence.
(b) Because man #1 sees man #2's genuine need for help.
(c) Because man #2 has agreed to pay man #1.
(d) Because man #1 derives personal benefit from helping man #2.

Short Answer Questions

1. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?

2. Originally, what did sailors fear?

3. What does the division of labor do for a manufacturer?

4. What was the original price, the first purchase cost, for all things?

5. Which occupation requires a great town?

(see the answer key)

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