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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. Which commodity is more susceptible to price variations?
(a) Wool.
(b) Gold.
(c) Corn.
(d) Linen.

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

3. What was one consequence when the German and Scythian nations overran the western provinces of the Roman empire?
(a) The country was left uncultivated.
(b) The inhabitants were made slaves.
(c) The towns were razed.
(d) The inhabitants immgrated to other countries.

4. What kind of demand brings a commodity to market?
(a) An absolute demand.
(b) A natural demand.
(c) An effectual demand.
(d) A proportionate demand.

5. What does the text say about the difference of the natural talents in men?
(a) That all men have unique talents unto themselves.
(b) That talent is natural and cannot be cultivated or improved.
(c) That they are so different as so never to be changeable.
(d) That they are not really that different.

Short Answer Questions

1. What do princes and sovereign states frequently do with their coinage?

2. In the rude ages of society, what was the common instrument of commerce?

3. Where should the capital of a manufacturer generally reside?

4. When was the Bank of England incorporated?

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

(see the answer key)

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