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

2. Under division of labor, what generally supplies a man's wants?
(a) The produce of a man's own labor.
(b) The produce of the country's labor.
(c) The produce of other men's labor.
(d) The produce of society's labor.

3. What limits the extent of the division of labor?
(a) The raw products.
(b) The workmen.
(c) The population.
(d) The market.

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

5. What was the original form of the metals used for commerce?
(a) Bars.
(b) Coins.
(c) Nuggets.
(d) Lumps.

Short Answer Questions

1. By the nature of things, what must there be before the division of labor in a particular job?

2. What commodity would a butcher be unlikely to exchange for?

3. What was one problem with the use of rude metals?

4. Which is not a reason for the increase of the quantity of work under division of labor?

5. What kind of capital is employed in raising, manufacturing, or purchasing goods, and selling them again with a profit?

(see the answer key)

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