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This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 1.

Multiple Choice Questions

1. What kind of business does not lend itself to many subdivisions of labor?
(a) Textile manufacturing.
(b) Foundry.
(c) Agriculture.
(d) Ship building.

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

3. What kind of capital is employed in raising, manufacturing, or purchasing goods, and selling them again with a profit?
(a) Fixed capital.
(b) Improving capital.
(c) Instrumental capital.
(d) Circulating capital.

4. How many times more goods on a broad-wheeled wagon can be carried from London to Edinburgh by water-carriage in the same amount of time?
(a) 50.
(b) 40.
(c) 45.
(d) 55.

5. What kind of demand brings a commodity to market?
(a) A proportionate demand.
(b) An absolute demand.
(c) An effectual demand.
(d) A natural demand.

Short Answer Questions

1. Where are the separation of different trades and employments from one another generally found?

2. What is one characteristics of a fixed capital?

3. What opens an even more extensive market to every sort of industry?

4. What does the author consider to be a wasteful use of gold?

5. What was the original price, the first purchase cost, for all things?

(see the answer key)

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