2. What is the real price of a thing a person wants?
(a) The labor it takes to pay for it.
(b) The money it takes to purchase it.
(c) The toil and trouble of acquiring it.
(d) The price marked as its cost.

3. What does the text say about the difference of the natural talents in men?
(a) That they are so different as so never to be changeable.
(b) That they are not really that different.
(c) That all men have unique talents unto themselves.
(d) That talent is natural and cannot be cultivated or improved.

4. What is a common characteristic for a workman under division of labor?
(a) Every workman is equal to every other workman.
(b) Every workman has the means to improve himself.
(c) Every workman has increased purchasing power.
(d) Every workman produces more than he needs.

5. When was the Bank of England incorporated?
(a) The 27th of July, 1695.
(b) The 27th of July, 1694.
(c) The 27th of July, 1693.
(d) The 27th of July, 1696.

6. What is the sole end and purpose both of the fixed and circulating capitals?
(a) To maintain and augment the stock which may be sold for profit.
(b) To maintain and augment the stock which may be used to expand the business.
(c) To maintain and augment the stock which may be reserved for immediate consumption.
(d) To maintain and augment the stock which may be traded for needed goods.

7. What does the division of labor do for individual workmen?
(a) It reduces every man's job to one simple operation.
(b) It teaches each man a new skill.
(c) It enables each man to work fewer hours.
(d) It gives each man more work to do.

8. In the rude ages of society, what was the common instrument of commerce?
(a) Food stuffs.
(b) Textiles.
(c) Labor.
(d) Cattle.

9. What is one consequence for society where the division of labor is practiced?
(a) Wealth is enjoyed by even the lowest classes of people.
(b) All men are capable of learning a new trade.
(c) There is no unemployment.
(d) Manufacturing is always growing.

10. What regulates the price of every particular commodity?
(a) Profit and wages.
(b) Supply and demand.
(c) Labor and profit.
(d) Labor and wages.

11. How are the dispositions that form the difference of talents of various professions considered?
(a) They are considered inconsequential.
(b) They are considered obstacles to overcome.
(c) They are considered useful.
(d) They are considered a hindrance to progress.

12. What is another name for paper money?
(a) Promissory notes.
(b) Commerce notes.
(c) Circulating notes.
(d) Debtors' notes.

13. 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 employment of more workmen.
(c) The invention of machines which enable one man to do the work of many.
(d) Time efficiencies.

14. How did the idea of division of labor come about?
(a) It was the propensity of human nature to truck, barter, and exchange one thing for another.
(b) It was a consequence of the applied study of manufacturing.
(c) It was an accident which resulted in positive change.
(d) It was an experiment which owners found to be advantageous.

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