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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. In some measure, every man in a growing commercial society becomes what?
(a) A merchant.
(b) A scholar.
(c) A farmer.
(d) A tinker.

2. What does the division of labor do for individual workmen?
(a) It teaches each man a new skill.
(b) It enables each man to work fewer hours.
(c) It gives each man more work to do.
(d) It reduces every man's job to one simple operation.

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

4. How does an individual live within a civilized society?
(a) He needs the cooperation and assistance of many other people.
(b) He needs the cooperation and assistance of only his friends.
(c) He is completely independent of other people.
(d) His dependence or independence is entirely up to him.

5. What is the ultimate and real standard by which the value of all commodities can, at all times and places, be estimated and compared?
(a) Production.
(b) Silver.
(c) Gold.
(d) Labor.

Short Answer Questions

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

2. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?

3. In what country is the Ganges River?

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

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

(see the answer key)

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