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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 was the common instrument of commerce among the ancient Romans?
(a) Copper.
(b) Gold.
(c) Iron.
(d) Silver.

2. Which is not a reason for the increase of the quantity of work under division of labor?
(a) The increase of the workmen's dexterity.
(b) The employment of more workmen.
(c) The invention of machines which enable one man to do the work of many.
(d) Time efficiencies.

3. What does the text say about the difference of the natural talents in men?
(a) That talent is natural and cannot be cultivated or improved.
(b) That they are not really that different.
(c) That all men have unique talents unto themselves.
(d) That they are so different as so never to be changeable.

4. What was the original form of the metals used for commerce?
(a) Lumps.
(b) Bars.
(c) Nuggets.
(d) Coins.

5. How many general types of circulating capital are there?
(a) Two.
(b) Three.
(c) Five.
(d) Four.

Short Answer Questions

1. What kind of revenue is made from the interest on money?

2. What is the common instrument of commerce and exchanges in some parts of the coast of India?

3. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?

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

5. In the rude ages of society, what was the common instrument of commerce?

(see the answer key)

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