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

Multiple Choice Questions

1. What kind of revenue is made from the interest on money?
(a) Derivative revenue.
(b) Renewable revenue.
(c) Taxable revenue.
(d) Laborless revenue.

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

3. Who are most likely to make improvements upon or invent new machines for manufacture?
(a) The owner of the manufacturing process.
(b) Those who work with or make the machines.
(c) The man who repairs and cleans the machines.
(d) The man who is responsible for the running of the manufacturing process.

4. What is the common instrument of commerce and exchanges in Abyssinia?
(a) Sugar.
(b) Salt.
(c) Tobacco.
(d) Shells.

5. What is the real price of a thing a person wants?
(a) The toil and trouble of acquiring it.
(b) The labor it takes to pay for it.
(c) The money it takes to purchase it.
(d) The price marked as its cost.

Short Answer Questions

1. Which is not a reason for the increase of the quantity of work under division of labor?

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

3. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

4. In some measure, every man in a growing commercial society becomes what?

5. What was the original form of the metals used for commerce?

(see the answer key)

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