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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. How are almost all loans made?
(a) In goods.
(b) In silver.
(c) In paper money.
(d) In gold.

2. What is the intention of the fixed capital?
(a) To decrease the number of workmen needed.
(b) To increase the speed of manufacturing.
(c) To decrease the overhead cost of manufacturing.
(d) To increase the productive powers of labour.

3. Where should the capital of a manufacturer generally reside?
(a) At a location within his country.
(b) At the most productive location.
(c) At the cheapest location.
(d) At a location close to his raw materials.

4. How many general types of circulating capital are there?
(a) Two.
(b) Five.
(c) Four.
(d) Three.

5. What is the common instrument of commerce and exchanges in some parts of the coast of India?
(a) Salt.
(b) Shells.
(c) Tobacco.
(d) Sugar.

Short Answer Questions

1. What is the state of the greater part of the laboring poor in all countries?

2. What word expressed the weight or quantity of metal contained in the first coins?

3. In every occupation, what is the general proportion between circulating and fixed capital?

4. Why are the silks of France better and cheaper than those of England?

5. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?

(see the answer key)

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