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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. What is the common instrument of commerce and exchanges in Abyssinia?
(a) Salt.
(b) Tobacco.
(c) Shells.
(d) Sugar.

2. What is the intention of the fixed capital?
(a) To decrease the number of workmen needed.
(b) To decrease the overhead cost of manufacturing.
(c) To increase the speed of manufacturing.
(d) To increase the productive powers of labour.

3. What opens an even more extensive market to every sort of industry?
(a) Improved inland transporation.
(b) Water-carriage.
(c) Faster horses.
(d) Land-carriage.

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

5. How long would it take for a broad-wheeled wagon, attended by two men, and drawn by eight horses, to carry four tons of goods between London and Edinburgh?
(a) Six weeks.
(b) Five weeks.
(c) Four weeks.
(d) Seven weeks.

Short Answer Questions

1. What does the lender consider stock lent at an interest?

2. Originally, what did sailors fear?

3. What is it called when gold purchases goods in one foreign country in order to supply the consumption of another?

4. What can be said for division of labor for all kinds of manufacturing?

5. What are the three original sources of all revenue?

(see the answer key)

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