View a FREE sample

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

Multiple Choice Questions

1. What is the state of the greater part of the laboring poor in all countries?
(a) Their labor is sporadic and not continual.
(b) Their labor is not enough for sustenance.
(c) Their revenue is not enough for sustenance.
(d) Their revenue is derived from their labor only.

2. Who should own lands like parks, gardens, and public walks?
(a) The crown.
(b) Individual owners.
(c) The public.
(d) No one.

3. How do most men choose to employ their capitals?
(a) Agriculture.
(b) Foreign trade.
(c) Improvement of land.
(d) Manufactures.

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

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

Short Answer Questions

1. Where is the wool of southern Scotland manufactured?

2. What happens in every country that employs an increase in stock?

3. What does the lender consider stock lent at an interest?

4. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?

5. What reduced the value of gold and silver in Europe in the 16th century?

(see the answer key)

This section contains 295 words (approx. 1 page at 300 words per page) View a FREE sample