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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 intention of the fixed capital?
(a) To decrease the number of workmen needed.
(b) To decrease the overhead cost of manufacturing.
(c) To increase the productive powers of labour.
(d) To increase the speed of manufacturing.

2. What kind of person depends chiefly on the benevolence of this fellow citizens?
(a) A woman.
(b) A child.
(c) An unemployed man.
(d) A beggar.

3. Which commodity is more susceptible to price variations?
(a) Corn.
(b) Linen.
(c) Gold.
(d) Wool.

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

5. What are the three original sources of all revenue?
(a) Profit, taxes, and commerce.
(b) Commerce, taxes, and trade.
(c) Trade, taxes, and wages.
(d) Wages, profit, and rent.

Short Answer Questions

1. What was the common instrument of commerce among the ancient Romans?

2. What is the common instrument of commerce and exchanges in Abyssinia?

3. What kind of commodity must be sold quickly?

4. What causes the difference between a philosopher and a street porter?

5. What year was the Bank of England allowed to enlarge its capital stock?

(see the answer key)

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