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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 3 & Book 4, Chapter 1.

Multiple Choice Questions

1. What is a borrower who uses his borrowed stock for immediate consumption?
(a) A merchant.
(b) A laborer.
(c) A prodigal.
(d) An investor.

2. What is the third part of capital use in every growing society?
(a) Foreign commerce.
(b) Manufacturers.
(c) Inland commerce.
(d) Agriculture.

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

4. Which is not a reason for the increase of the quantity of work under division of labor?
(a) The increase of the workmen's dexterity.
(b) The invention of machines which enable one man to do the work of many.
(c) Time efficiencies.
(d) The employment of more workmen.

5. What bill was published by Alexander III in the 12th century?
(a) The directive to bring more slaves into the country.
(b) The justification of slavery.
(c) The forbidding of bringing more slaves into the country.
(d) The general emancipation of slaves.

Short Answer Questions

1. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?

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

3. What kind of wine is not a European commodity?

4. What comes before convenience?

5. How does annual consumption compare to annual spending?

(see the answer key)

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