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This quiz consists of 5 multiple choice and 5 short answer questions through Book 1, Chapter 5.

Multiple Choice Questions

1. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?
(a) A mutual offer.
(b) A fair trade.
(c) A bargain.
(d) A business propostion.

2. What becomes the common instrument of commerce when barter ceases?
(a) Gem stones.
(b) Silver.
(c) Gold.
(d) Money.

3. Where are the separation of different trades and employments from one another generally found?
(a) In those countries which are have completed their industry and improvement.
(b) In those countries which have yet to pursue industry and improvement.
(c) In those countries which have the least degree of industry and improvement.
(d) In those countries which enjoy the highest degree of industry and improvement.

4. What is the only universal, only accurate measure of value, only standard by which we can compare the values of different commodities at all times and at all places?
(a) Gold.
(b) Labor.
(c) Silver.
(d) Gem stones.

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

Short Answer Questions

1. Why are new machines more likely to be invented under division of labor?

2. The laborer is rich or poor, is well or ill rewarded, in proportion to what?

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

4. Which Mediterranean country seems to have been the first in which either agriculture or manufacturers were cultivated and improved to any considerable degree?

5. How did the idea of division of labor come about?

(see the answer key)

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