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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 4 & Book 5, Chapter 1.

Multiple Choice Questions

1. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?
(a) Demand.
(b) Profit.
(c) Wages.
(d) Tax.

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

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

4. What is true of both a farm and a retail trade?
(a) Each are confined to a precise spot.
(b) Each must invest their fixed capital.
(c) Each are suspectible to interest rates.
(d) Each are a mobile business.

5. Which occupation requires a great town?
(a) Butcher.
(b) Poet.
(c) Farmer.
(d) Sailor.

Short Answer Questions

1. What was unserviceable for corn merchants, exporters, and importers?

2. In the ancient world, what was considered a most wonderful and dangerous exploit of navigation?

3. What does an artificer who lives where there is either no uncultivated land, or none that can be had upon easy terms, do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

4. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?

5. Where do a farmer's or manufacturer's profits come from?

(see the answer key)

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