An Inquiry Into the Nature and Causes of the Wealth of Nations Quiz | Eight Week Quiz F

This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.

An Inquiry Into the Nature and Causes of the Wealth of Nations Quiz | Eight Week Quiz F

This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.
Buy the An Inquiry Into the Nature and Causes of the Wealth of Nations Lesson Plans
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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. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?
(a) Shallow water.
(b) No islands.
(c) Many harbors.
(d) No tides.

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

3. What regulates the price of every particular commodity?
(a) Labor and wages.
(b) Profit and wages.
(c) Labor and profit.
(d) Supply and demand.

4. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?
(a) 12%.
(b) 9%.
(c) 10%.
(d) 11%.

5. What is the second part of capital use in every growing society?
(a) Inland commerce.
(b) Manufacturers.
(c) Foreign commerce.
(d) Agriculture.

Short Answer Questions

1. What does a North American colonial artificer do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

2. Where do a merchant's or retailer's profits come from?

3. In seeking for employment to a capital, what is preferred to foreign commerce?

4. When does the quantity of stock to be lent at interest grow?

5. What does a man expect when he employs his stock as capital?

(see the answer key)

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