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. What limits the extent of the division of labor?
(a) The population.
(b) The raw products.
(c) The workmen.
(d) The market.

2. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?
(a) Shallow water.
(b) No tides.
(c) Many harbors.
(d) No islands.

3. How does an individual live within a civilized society?
(a) He needs the cooperation and assistance of many other people.
(b) He is completely independent of other people.
(c) He needs the cooperation and assistance of only his friends.
(d) His dependence or independence is entirely up to him.

4. What does the division of labor do for a manufacturer?
(a) It decreases the productive powers of labor.
(b) It simplifies the productive powers of labor.
(c) It complicates the productive powers of labor.
(d) It increases the productive powers of labor.

5. What kind of business does not lend itself to many subdivisions of labor?
(a) Ship building.
(b) Textile manufacturing.
(c) Foundry.
(d) Agriculture.

Short Answer Questions

1. Who are most likely to make improvements upon or invent new machines for manufacture?

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

3. What is the real measure of the exchangeable value of all commodities?

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

5. Under what circumstance would every man have to perform exactly the same duties and do exactly the same work?

(see the answer key)

This section contains 316 words (approx. 2 pages at 300 words per page) View a FREE sample