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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 does the author consider to be a wasteful use of gold?
(a) Flatware.
(b) Gilding and plating.
(c) Goblets.
(d) Picture frames.

2. What kind of business does not lend itself to many subdivisions of labor?
(a) Ship building.
(b) Foundry.
(c) Textile manufacturing.
(d) Agriculture.

3. What was the common instrument of commerce among the ancient Spartans?
(a) Gold.
(b) Iron.
(c) Copper.
(d) Silver.

4. What was the original price, the first purchase cost, for all things?
(a) Barter.
(b) Exchange of goods.
(c) Labor.
(d) Gold.

5. What does the division of labor do for a manufacturer?
(a) It decreases the productive powers of labor.
(b) It simplifies the productive powers of labor.
(c) It complicates the productive powers of labor.
(d) It increases the productive powers of labor.

Short Answer Questions

1. How are the dispositions that form the difference of talents of various professions considered?

2. What does the text say about the difference of the natural talents in men?

3. How did the idea of division of labor come about?

4. What is the real measure of the exchangeable value of all commodities?

5. 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?

(see the answer key)

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