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

2. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?
(a) Consumption revenue.
(b) Production revenue.
(c) Gross revenue.
(d) Net revenue.

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

4. How does annual consumption compare to annual spending?
(a) They are nearly the same.
(b) There is no correlation.
(c) More is spent.
(d) More is consumed.

5. What causes the difference between a philosopher and a street porter?
(a) Opportunity, talent, and birth.
(b) Birth, income, and upbringing.
(c) Habit, custom, and education.
(d) Natural talent and propensity.

Short Answer Questions

1. What is the actual price at which any commodity is commonly sold called?

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

3. What is the whole annual produce of the land and labor of every country used for?

4. How are the dispositions that form the difference of talents of various professions considered?

5. What word expressed the weight or quantity of metal contained in the first coins?

(see the answer key)

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