View a FREE sample

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

Multiple Choice Questions

1. Originally, what did sailors fear?
(a) That islands moved around in the sea.
(b) Navigating on a cloudy night.
(c) That their compasses were inaccurate.
(d) Being out of sight of the shore.

2. In the rude ages of society, what was the common instrument of commerce?
(a) Food stuffs.
(b) Cattle.
(c) Labor.
(d) Textiles.

3. Who are most likely to make improvements upon or invent new machines for manufacture?
(a) Those who work with or make the machines.
(b) The man who is responsible for the running of the manufacturing process.
(c) The man who repairs and cleans the machines.
(d) The owner of the manufacturing process.

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

5. What does the author consider to be a wasteful use of gold?
(a) Flatware.
(b) Gilding and plating.
(c) Picture frames.
(d) Goblets.

Short Answer Questions

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

2. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

3. Which occupation requires a great town?

4. What was the original form of the metals used for commerce?

5. What is the only universal, only accurate measure of value, only standard by which we can compare the values of different commodities at all times and at all places?

(see the answer key)

This section contains 283 words (approx. 1 page at 300 words per page) View a FREE sample