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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. Why are the silks of France better and cheaper than those of England?
(a) Because there is little demand for English silk.
(b) Because silk manufacturing is not as well suited to the climate of England as it is to that of France.
(c) Because silk manufacturing is not popular in England.
(d) Because France has an extreme surplus of silk manufacturers.

2. Commonly, why does man #1 help man #2?
(a) Because man #1 derives personal benefit from helping man #2.
(b) Because man #2 has agreed to pay man #1.
(c) Because man #1 has a capacity for benevolence.
(d) Because man #1 sees man #2's genuine need for help.

3. In what country is the Ganges River?
(a) Italy.
(b) India.
(c) Egypt.
(d) Bengal.

4. What can be said for division of labor for all kinds of manufacturing?
(a) Machines replace many workmen who are moved to other jobs.
(b) Division of labor does not affect the quantity of products manufactured.
(c) Many individuals and processes come together to complete a product.
(d) The quality of products manufactured are improved greatly.

5. What word expressed the weight or quantity of metal contained in the first coins?
(a) Fineness.
(b) Stamp.
(c) Denomination.
(d) Purity.

Short Answer Questions

1. Which occupation requires a great town?

2. What is the only universal, only accurate measure of value, only standard by which we can compare the values of different commodities at all times and at all places?

3. How does division of labor affect the time required for the manufacturing process?

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

5. What is the common instrument of commerce and exchanges in some parts of the coast of India?

(see the answer key)

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