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

Multiple Choice Questions

1. 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) 55.
(b) 40.
(c) 45.
(d) 50.

2. What kind of revenue is made from the interest on money?
(a) Laborless revenue.
(b) Taxable revenue.
(c) Renewable revenue.
(d) Derivative revenue.

3. Who are most likely to make improvements upon or invent new machines for manufacture?
(a) The owner of the manufacturing process.
(b) The man who repairs and cleans the machines.
(c) The man who is responsible for the running of the manufacturing process.
(d) Those who work with or make the machines.

4. What is true of the capital employed in agriculture and in the retail trade of any society?
(a) They must always do commerce within that society.
(b) They must always earn within that society.
(c) They must always produce within that society.
(d) They must always reside within that society.

5. Where should the capital of a manufacturer generally reside?
(a) At a location within his country.
(b) At the cheapest location.
(c) At the most productive location.
(d) At a location close to his raw materials.

Short Answer Questions

1. How many ways are there to employ capital?

2. Originally, what did sailors fear?

3. When was the Bank of England incorporated?

4. What is the ultimate and real standard by which the value of all commodities can, at all times and places, be estimated and compared?

5. What is the principal cause of the rapid progress of the American colonies?

(see the answer key)

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