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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

1. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?
(a) By labor, by barter , or by charity.
(b) By ingenuity, by treaty, or by purchase.
(c) By labor, by charity, or by ingenuity.
(d) By treaty, by barter, or by purchase.

2. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?
(a) Profit.
(b) Demand.
(c) Tax.
(d) Wages.

3. What does the proportion between capital and revenue regulate?
(a) The proportion between labor and manufacturing.
(b) The proportion between production and wages.
(c) The proportion between industry and idleness.
(d) The proportion between capital and money.

4. What was one problem with the use of rude metals?
(a) Keeping them safe.
(b) Transporting them.
(c) Weighing them.
(d) Mining them.

5. How does an individual live within a civilized society?
(a) His dependence or independence is entirely up to him.
(b) He needs the cooperation and assistance of many other people.
(c) He needs the cooperation and assistance of only his friends.
(d) He is completely independent of other people.

Short Answer Questions

1. What does a man expect when he employs his stock as capital?

2. What is a person's revenue equal to?

3. What does the part of the annual production of the land and labor of any country which replaces a capital do?

4. What kind of revenue constitutes the whole annual produce of the a country's land and labor?

5. What was the common instrument of commerce among the ancient Spartans?

(see the answer key)

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