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

Multiple Choice Questions

1. What is one characteristics of a fixed capital?
(a) It has no real master.
(b) It never changes masters.
(c) It goes back and forth between masters.
(d) It always changes masters.

2. What is the only universal, only accurate measure of value, only standard by which we can compare the values of different commodities at all times and at all places?
(a) Labor.
(b) Gem stones.
(c) Gold.
(d) Silver.

3. What is the common instrument of commerce and exchanges in Abyssinia?
(a) Shells.
(b) Tobacco.
(c) Salt.
(d) Sugar.

4. How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries?
(a) It is less in rich countries.
(b) It is greater in poor countries.
(c) It is less in poor countries.
(d) It is greater in rich countries.

5. What reduced the value of gold and silver in Europe in the 16th century?
(a) The discovery of mines in Peru.
(b) The discovery of mines in America.
(c) The depletion of mines in Europe.
(d) The depletion of mines in America.

Short Answer Questions

1. What are the natural consequences of the law of primogeniture?

2. How do most men choose to employ their capitals?

3. What kind of person depends chiefly on the benevolence of this fellow citizens?

4. What must defray the expense of defense and government?

5. What kind of rent is paid by a farmer?

(see the answer key)

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