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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 are most likely to make improvements upon or invent new machines for manufacture?
(a) The owner of the manufacturing process.
(b) Those who work with or make the machines.
(c) The man who is responsible for the running of the manufacturing process.
(d) The man who repairs and cleans the machines.

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

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

4. What is capital?
(a) Stock reserved for future needs.
(b) Stock which a man consumes.
(c) Stock from which revenue is expected.
(d) Stock traded for other goods.

5. Where do a merchant's or retailer's profits come from?
(a) From what they buy.
(b) From what they both buy and sell.
(c) From what they save.
(d) From what they sell.

Short Answer Questions

1. Originally, what did sailors fear?

2. A part of which area was included in ancient Scythia?

3. What determines the ordinary market price of land?

4. What are the people who employ their own capital called?

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

(see the answer key)

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