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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 is the actual price at which any commodity is commonly sold called?
(a) The derived price.
(b) The asking price.
(c) The prime price.
(d) The market price.

2. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?
(a) There was no sufficient wage to work in industry.
(b) There was no sufficient encouragement to industry.
(c) There was no sufficient encouragement to earn a wage.
(d) There was no sufficient industry to work in.

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

4. Commonly, why does man #1 help man #2?
(a) Because man #1 derives personal benefit from helping man #2.
(b) Because man #2 has agreed to pay man #1.
(c) Because man #1 has a capacity for benevolence.
(d) Because man #1 sees man #2's genuine need for help.

5. What kind of rent is paid by a farmer?
(a) Consumption rent.
(b) Net rent.
(c) Production rent.
(d) Gross rent.

Short Answer Questions

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

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

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

4. In some measure, every man in a growing commercial society becomes what?

5. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?

(see the answer key)

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