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

2. What kind of business does not lend itself to many subdivisions of labor?
(a) Ship building.
(b) Textile manufacturing.
(c) Foundry.
(d) Agriculture.

3. What kind of revenue is made from the interest on money?
(a) Renewable revenue.
(b) Derivative revenue.
(c) Laborless revenue.
(d) Taxable revenue.

4. How are capitals increased?
(a) By industry.
(b) By misconduct.
(c) By prodigality.
(d) By parsimony.

5. By the nature of things, what must there be before the division of labor in a particular job?
(a) The acquistion of capital.
(b) The accumulation of stock.
(c) The distribution of goods.
(d) The training of workmen.

Short Answer Questions

1. Why isn't the wool of southern Scotland manufactured there?

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

3. What is the state of the greater part of the laboring poor in all countries?

4. 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?

5. What is one characteristics of a fixed capital?

(see the answer key)

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