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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. What happens when the quantity of silver increases?
(a) Its value is unaffected.
(b) Its value is diminished.
(c) Its value is increased.
(d) Its value is under appreciated.

2. What commodity would a butcher be unlikely to exchange for?
(a) Wine.
(b) Bread.
(c) Meat.
(d) Cloth.

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

4. What are the people who employ their own capital called?
(a) Unproductive consumers.
(b) Productive consumers.
(c) Productive laborers.
(d) Unproductive laborers.

5. What year was the Bank of England allowed to enlarge its capital stock?
(a) 1696.
(b) 1698.
(c) 1697.
(d) 1695.

Short Answer Questions

1. What kind of business does not lend itself to many subdivisions of labor?

2. What was prohibited from exportation in France until 1764?

3. What can be said for division of labor for all kinds of manufacturing?

4. What happens in every country that employs an increase in stock?

5. What does the lender consider stock lent at an interest?

(see the answer key)

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