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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. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?
(a) Tax.
(b) Profit.
(c) Demand.
(d) Wages.

2. How are the dispositions that form the difference of talents of various professions considered?
(a) They are considered inconsequential.
(b) They are considered useful.
(c) They are considered a hindrance to progress.
(d) They are considered obstacles to overcome.

3. What was the common instrument of commerce among the ancient Spartans?
(a) Gold.
(b) Silver.
(c) Iron.
(d) Copper.

4. What determines the ordinary market price of land?
(a) The ordinary market rate of product consumption.
(b) The ordinary market rate of gold.
(c) The ordinary market rate of interest.
(d) The ordinary market rate of corn.

5. What is the common instrument of commerce and exchanges in Abyssinia?
(a) Tobacco.
(b) Sugar.
(c) Shells.
(d) Salt.

Short Answer Questions

1. In some measure, every man in a growing commercial society becomes what?

2. How are capitals increased?

3. What is the sole end and purpose both of the fixed and circulating capitals?

4. Why are the silks of France better and cheaper than those of England?

5. What does the interest rate on borrowed money need to be to prevent usury?

(see the answer key)

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