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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 not an example of unproductive labor?
(a) The church.
(b) The traders shop.
(c) The military.
(d) The school room.

2. What does a North American colonial artificer do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?
(a) He seeks to sell in distance towns.
(b) He reinvests his stock into his business.
(c) He invests his stock in more workmen.
(d) He buys land for improvement.

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

4. What does the division of labor do for a manufacturer?
(a) It increases the productive powers of labor.
(b) It complicates the productive powers of labor.
(c) It decreases the productive powers of labor.
(d) It simplifies the productive powers of labor.

5. When does the quantity of stock to be lent at interest grow?
(a) When consumption increases.
(b) When labor increases.
(c) When production increases.
(d) When capital increases.

Short Answer Questions

1. What gave Great Britain the monopoly of supplying the colonies with all the commodities of growth and manufacturing?

2. What happens to productive labor when the funds for maintaining it are increased?

3. Under division of labor, what generally supplies a man's wants?

4. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?

5. As capital increases in any country, what happens to the profits which can be made by employing them ?

(see the answer key)

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