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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 does the lender consider stock lent at an interest?
(a) A revenue.
(b) An industry.
(c) A capital.
(d) A profit.

2. What was one problem with the use of rude metals?
(a) Transporting them.
(b) Keeping them safe.
(c) Mining them.
(d) Weighing them.

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 bargain.
(c) A business propostion.
(d) A mutual offer.

4. What commodity would a butcher be unlikely to exchange for?
(a) Cloth.
(b) Wine.
(c) Bread.
(d) Meat.

5. The laborer is rich or poor, is well or ill rewarded, in proportion to what?
(a) The nominal price of his labor.
(b) The real price of his labor.
(c) The real price of his purchases.
(d) The nominal price of his purchases.

Short Answer Questions

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

2. When was the Bank of England incorporated?

3. What kind of capital is employed in the improvement of land and in the purchase of useful machines and instruments of trade?

4. Originally, what did sailors fear?

5. What happens if the supply of a commodity is greater than the demand for it?

(see the answer key)

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