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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 3 & Book 4, Chapter 1.

Multiple Choice Questions

1. Which country's inland navigation caused its early improvement?
(a) Turkey.
(b) Greece.
(c) Egypt.
(d) Italy.

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

3. Under division of labor, what generally supplies a man's wants?
(a) The produce of society's labor.
(b) The produce of other men's labor.
(c) The produce of a man's own labor.
(d) The produce of the country's labor.

4. What are the two kinds of labor?
(a) Productive and unproductive.
(b) Professional and unskilled.
(c) Manual and mental.
(d) Wage earning and charitable.

5. How does an individual live within a civilized society?
(a) He needs the cooperation and assistance of only his friends.
(b) His dependence or independence is entirely up to him.
(c) He is completely independent of other people.
(d) He needs the cooperation and assistance of many other people.

Short Answer Questions

1. How are the dispositions that form the difference of talents of various professions considered?

2. How many general types of fixed capital are there?

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

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

5. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?

(see the answer key)

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