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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. What can be said for division of labor for all kinds of manufacturing?
(a) Many individuals and processes come together to complete a product.
(b) Division of labor does not affect the quantity of products manufactured.
(c) The quality of products manufactured are improved greatly.
(d) Machines replace many workmen who are moved to other jobs.

2. Where are the separation of different trades and employments from one another generally found?
(a) In those countries which have the least degree of industry and improvement.
(b) In those countries which have yet to pursue industry and improvement.
(c) In those countries which are have completed their industry and improvement.
(d) In those countries which enjoy the highest degree of industry and improvement.

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

4. What are the three original sources of all revenue?
(a) Commerce, taxes, and trade.
(b) Wages, profit, and rent.
(c) Trade, taxes, and wages.
(d) Profit, taxes, and commerce.

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

Short Answer Questions

1. What was the common instrument of commerce among the ancient Spartans?

2. What becomes the common instrument of commerce when barter ceases?

3. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

4. What is one characteristics of a fixed capital?

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

(see the answer key)

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