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

Multiple Choice Questions

1. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?
(a) Those who do not labor at all.
(b) Those who are not citizens of the country.
(c) Those who labor in another country.
(d) Those who labor only for themselves.

2. What is another name for paper money?
(a) Commerce notes.
(b) Debtors' notes.
(c) Promissory notes.
(d) Circulating notes.

3. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?
(a) A fair trade.
(b) A mutual offer.
(c) A business propostion.
(d) A bargain.

4. What is one consequence of marketplace competition?
(a) It lowers the wages of labor.
(b) It lowers the profits of stock.
(c) It raises the profits of stock.
(d) It lowers the need for workmen.

5. What to British manufacturers import from the coasts of the Baltic?
(a) Sugar and rum.
(b) Molasses and sugar cane.
(c) Flax and hemp.
(d) Cotton and linen.

Short Answer Questions

1. What is one consequence for society where the division of labor is practiced?

2. Where should the capital of a manufacturer generally reside?

3. What are the three original sources of all revenue?

4. How are capitals diminished?

5. What is the whole annual produce of the land and labor of every country used for?

(see the answer key)

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