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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 1.

Multiple Choice Questions

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

2. What is the actual price at which any commodity is commonly sold called?
(a) The derived price.
(b) The prime price.
(c) The asking price.
(d) The market price.

3. How many times more goods on a broad-wheeled wagon can be carried from London to Edinburgh by water-carriage in the same amount of time?
(a) 55.
(b) 40.
(c) 50.
(d) 45.

4. What does the text say about the difference of the natural talents in men?
(a) That talent is natural and cannot be cultivated or improved.
(b) That they are not really that different.
(c) That all men have unique talents unto themselves.
(d) That they are so different as so never to be changeable.

5. Which occupation requires a great town?
(a) Farmer.
(b) Poet.
(c) Butcher.
(d) Sailor.

Short Answer Questions

1. Originally, what did sailors fear?

2. What is the real price of a thing a person wants?

3. Which country's inland navigation caused its early improvement?

4. What word expressed the weight or quantity of metal contained in the first coins?

5. What was the common instrument of commerce among the ancient Romans?

(see the answer key)

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