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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. To what price do all commodities gravitate?
(a) The stated price.
(b) The natural price.
(c) The effectual price.
(d) The nominal price.

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

3. The laborer is rich or poor, is well or ill rewarded, in proportion to what?
(a) The real price of his purchases.
(b) The real price of his labor.
(c) The nominal price of his purchases.
(d) The nominal price of his labor.

4. In every occupation, what is the general proportion between circulating and fixed capital?
(a) They are always equal.
(b) There is always more fixed capital.
(c) They are varyingly very different.
(d) There is always more circulating capital.

5. What is the real price of a thing a person wants?
(a) The money it takes to purchase it.
(b) The labor it takes to pay for it.
(c) The price marked as its cost.
(d) The toil and trouble of acquiring it.

Short Answer Questions

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

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

3. A part of which area was included in ancient Scythia?

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

5. What is the state of the greater part of the laboring poor in all countries?

(see the answer key)

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