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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. Which is not a reason for the increase of the quantity of work under division of labor?
(a) The employment of more workmen.
(b) Time efficiencies.
(c) The invention of machines which enable one man to do the work of many.
(d) The increase of the workmen's dexterity.

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

3. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?
(a) Many harbors.
(b) No tides.
(c) Shallow water.
(d) No islands.

4. 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 they are so different as so never to be changeable.
(c) That talent is natural and cannot be cultivated or improved.
(d) That they are not really that different.

5. How are the dispositions that form the difference of talents of various professions considered?
(a) They are considered a hindrance to progress.
(b) They are considered inconsequential.
(c) They are considered obstacles to overcome.
(d) They are considered useful.

Short Answer Questions

1. What encourages every man to apply himself to an occupation and cultivate whatever talent he may possess for that particular business?

2. How long would it take for a broad-wheeled wagon, attended by two men, and drawn by eight horses, to carry four tons of goods between London and Edinburgh?

3. 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?

4. What is the common instrument of commerce and exchanges in Abyssinia?

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

(see the answer key)

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