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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What causes the difference between a philosopher and a street porter?
(a) Natural talent and propensity.
(b) Birth, income, and upbringing.
(c) Habit, custom, and education.
(d) Opportunity, talent, and birth.

2. What do princes and sovereign states frequently do with their coinage?
(a) Substitute the quantity of pure metal contained in their coins.
(b) Augment the quantity of pure metal contained in their coins.
(c) Diminish the quantity of pure metal contained in their coins.
(d) Refuse to change the quantity of pure metal contained in their coins.

3. How are a philosopher and a street porter the same?
(a) Their first six years of life would have been very similar.
(b) Their family life would be very similar.
(c) Their desire and motivations would be very similar.
(d) Their goals for life would be very similar.

4. What was one problem with the use of rude metals?
(a) Keeping them safe.
(b) Weighing them.
(c) Transporting them.
(d) Mining them.

5. In what country is the Ganges River?
(a) Italy.
(b) Egypt.
(c) Bengal.
(d) India.

Short Answer Questions

1. How many general types of circulating capital are there?

2. What kind of person depends chiefly on the benevolence of this fellow citizens?

3. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?

4. Which occupation requires a great town?

5. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?

Short Essay Questions

1. Circulating capital which affords a revenue is composed of four parts. What are those four parts?

2. What was the purpose of the first public stamps affixed to metals?

3. What two values does the workman add to manufactured materials?

4. Who commonly makes improvements in manufacturing machinery?

5. Give one example of how a tribe of hunters or shepherds would begin the process of division of labor?

6. How does the multiplication of the productions of all the different arts, in consequence of the division of labor in a well-governed society, extend opulence to the lowest ranks of the people?

7. Why was the assaying of precious metals originally a problem?

8. What two advantages did the banking companies of Scotland gain by dealing only with men who had frequent and regular operations with them?

9. Give one example of how a country workman is obliged to apply himself to all the different branches of industry that employ the same sort of materials.

10. Who or what is involved in the manufacture and sale of a woolen coat?

(see the answer keys)

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