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

Multiple Choice Questions

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

2. What is the inherent nature of stock and credit?
(a) They are stable and permanent.
(b) They are unstable and perishable.
(c) They are stable and renewable.
(d) They are unstable but renewable.

3. What goods are ordinarily prohibited from being imported to Britain?
(a) Silks.
(b) Gold.
(c) Foreign produce.
(d) Wines.

4. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?
(a) There was no sufficient industry to work in.
(b) There was no sufficient encouragement to earn a wage.
(c) There was no sufficient wage to work in industry.
(d) There was no sufficient encouragement to industry.

5. What was unserviceable for corn merchants, exporters, and importers?
(a) Subsidy pricing.
(b) Tax rebates.
(c) The bounty.
(d) Drawbacks.

Short Answer Questions

1. Where do a farmer's or manufacturer's profits come from?

2. Which society sends the least number of men to war in proportion to the whole population?

3. St. Thomas and Santa Cruz are the only new world countries ever possessed by which country?

4. What was one consequence when the German and Scythian nations overran the western provinces of the Roman empire?

5. What has increased in countries where interest on borrowed money has been prohibited by law?

(see the answer key)

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