Adam Smith, Book 1, Ch. 2, Truck and Barter Practice Questions | Marginal Revolution University

Learn Economics
Teach High School
Teach University

About Us
We're Hiring
Donate
My Account
Contact Us

Join Our Community of Econ Nerds

Follow us

Courses See all

Principles of Economics: Microeconomics

Principles of Economics: Macroeconomics

Mastering Econometrics

Money Skills

Development Economics
Series See all

Everyday Economics

Nobel Conversations

Economists in the Wild

Women in Economics

Econ Duel
Interactive Practice See all

Supply and Demand

GDP

Trade

Inflation
Timely News Articles for Econ Class

We scour the news and send you a weekly email packed with resources that you can use in your class.
Learn More

Free High School Teacher Trainings

Teaching techniques, resources, and professional development credit! Everything you need to make economics fun and engaging for your students.
Learn More
Learn about our mission
High School Teaching Resources See all

By Course:

High School Economics

AP Microeconomics

AP Macroeconomics

Personal Finance

By Type:

Unit Plans

Lesson Plans

Interactive Practice

Assessments
University Teaching Resources See all

By Course:

Principles of Microeconomics

Principles of Macroeconomics

Mastering Econometrics

Development Economics

By Type:

Assessments

Interactive Practice

Lesson Plans

Assignments

Donate
Contact Us
My Account

Practice Questions

Adam Smith, Book 1, Ch. 2, Truck and Barter Practice Questions

According to Smith, what sets man apart from other animals is _______________. *

a. the ability to engage in market exchange

b. a concept of an immortal soul

c. neither a. nor b.

Smith argues that the desire to trade gives rise to __________ and division of labor. *

a. higher taxes

b. specialization

c. lower land rents

Skip to Next Lesson

Back to video

Great Economists Classical Economics and Its Forerunners

Course (112 videos)

Before Adam Smith, Part 1

Galileo and the theory of value

Practice Questions

School of Salamanca

Practice Questions

Why did economics develop so slowly?

Practice Questions

Cesare Beccaria

Practice Questions

Practice Questions

Introduction to Mercantilism

Practice Questions

Nicholas Barbon

Practice Questions

Sir William Petty

Practice Questions

Bernard Mandeville

Practice Questions

Before Adam Smith, Part 2

Richard Cantillon

Practice Questions

Anne-Robert-Jacques Turgot

Practice Questions

Francois Quesnay

Practice Questions

David Hume on interest

Practice Questions

David Hume on the balance of trade

Practice Questions

David Hume on public debt

Practice Questions

David Hume on money

Practice Questions

David Hume on taxes

Practice Questions

Which ideas were developed in early classical economics?

Practice Questions

Adam Smith

Life of Adam Smith

Practice Questions

Adam Smith, Theory of Moral Sentiments

Adam Smith’s Theory of Growth

Practice Questions

What I learned from Adam Smith

Adam Smith and the Industrial Revolution

Practice Questions

Adam Smith, Intro to Wealth of Nations

Wealth of Nations, Book One

Adam Smith, Book 1, Ch 1, Division of Labor

Practice Questions

Adam Smith, Book 1, Ch. 2, Truck and Barter

Practice Questions

Adam Smith, Book 1, Ch. 3, Extent of the Market

Adam Smith, Book 1, Ch. 4, Origin and Use of Money

Practice Questions

Adam Smith, Book 1, Ch. 5, Real and Nominal Price

Practice Questions

Adam Smith, Book 1, Ch. 6, Component Parts of Price

Practice Questions

Adam Smith, Book 1, Ch. 7, Natural Price and Market Price

Practice Questions

Adam Smith, Book 1, Ch. 8, Wages of Labor

Practice Questions

Adam Smith, Book 1, Ch. 9, Profits of Stock

Practice Questions

Adam Smith, Book 1, Ch. 10, Inequalities of Wages

Adam Smith, Book 1, Ch. 11, Rent of Land

Practice Questions

Adam Smith, Book 1, Ch. 11, Digression on Silver

Practice Questions

Wealth of Nations, Book Two

Adam Smith, Book 2, Ch. 1, Nature and Division of Stock

Adam Smith, Book 2, Ch. 2, Of Money

Practice Questions

Adam Smith, Book 2, Ch. 3, Unproductive Labor

Practice Questions

Adam Smith, Book 2, Ch. 4, Interest and Usury

Practice Questions

Adam Smith, Book 2, Ch. 5, Employment of Capitals

Practice Questions

Wealth of Nations, Book Three

Adam Smith, Book 3, Ch. 1, Progress of Opulence

Adam Smith, Book 3, Ch. 2, Discouragement of Agriculture

Adam Smith, Book 3, Ch. 3, Cities and Towns

Practice Questions

Adam Smith, Book 3, Ch. 4, Towns and Country

Practice Questions

Wealth of Nations, Book Four

Adam Smith, Book 4, Ch. 1, Mercantile Systems

Practice Questions

Adam Smith, Book 4, Ch. 2, Restraints Upon Production

Practice Questions

Adam Smith, Book 4, Ch. 3, 4-5

Practice Questions

Adam Smith, Book 4, Ch. 6, Commerce Treaties

Adam Smith, Book 4, Ch. 7, Of Colonies

Practice Questions

Adam Smith, Book 4, Ch. 8, Mercantile Conclusions

Practice Questions

Adam Smith, Book 4, Ch. 9, Agricultural Systems

Practice Questions

Adam Smith, Book 4, Digression on Corn

Practice Questions

Wealth of Nations, Book Five

Adam Smith, Book 5, Ch. 1, pt. 1, Expense of Defense

Practice Questions

Adam Smith, Book 5, Ch. 1, pt. 2, Expense of Justice

Practice Questions

Adam Smith, Book 5, Ch. 1, pt. 3, Public Works

Practice Questions

Adam Smith, Book 5, Ch. 1, pt. 3, article 2, Education of Youth

Practice Questions

Adam Smith, Book 5, Ch. 1, pt. 3, article 3, Religious Instruction

Practice Questions

Adam Smith, Book 5, Ch. 1, pt. 4, Expense of the Sovereign

Practice Questions

Adam Smith, Book 5, Ch. 2, pt. 1-2, Sources of the Public Revenue

Practice Questions

Adam Smith, Book 5, Ch. 2, pt. 3, article 4, Taxes on Commodities

Practice Questions

Adam Smith in the Custom House

Practice Questions

After Adam Smith, Part One

Practice Questions

Jean-Baptiste Say

Practice Questions

Malthus on population

Practice Questions

Malthus on demand

Jeremy Bentham on government debt

Practice Questions

Introduction to Ricardo

Ricardo on rent

Life of Robert Torrens

Practice Questions

Robert Torrens and sliding tariffs

Practice Questions

Robert Torrens on strategic trade policy

Practice Questions

Practice Questions

Mountifort Longfield

Practice Questions

Edward Gibbon Wakefield

Practice Questions

After Adam Smith, Part Two

Frederic Bastiat on the Seen and Unseen

Practice Questions

Frederic Bastiat and the Candlemakers’ Petition

Practice Questions

John Stuart Mill, terms of trade

Practice Questions

J.S. Mill on money and demand

Practice Questions

Life of John Stuart Mill

Mill on Bentham

How the Dismal Science Got Its Name

Practice Questions

Practice Questions

Practice Questions

Practice Questions

Practice Questions

Practical issues faced by the classical economists

Economists in Parliament

The debates over debt

Practice Questions

Bullionist debates, Part I

Practice Questions

Bullionist debates, Part II

Practice Questions

Living standards during the Industrial Revolution

Practice Questions

The Poor law debates

Practice Questions

The Machinery question

Practice Questions

The Corn Law debates

Practice Questions

Peel’s Act of 1844 and the Currency School

Practice Questions

The India question

Practice Questions

Friedrich A. Hayek’s Individualism and Economic Order

Hayek on Individualism and Spontaneous Order

Practice Questions

Hayek on Economics and Knowledge

Practice Questions

Hayek on Social Science Facts

Practice Questions

Hayek on the Use of Knowledge in Society

Practice Questions

Hayek on Competition and Discovery

Practice Questions

Profit and Loss Calculation

Practice Questions

Hayek on Socialist Calculation

Practice Questions

Hayek on the Gold Standard and Commodity Reserve Currency

Practice Questions

Hayek on the Ricardo Effect

Practice Questions

Hayek on Interstate Federalism and Free Trade

Practice Questions

Hayek on Free Enterprise

Practice Questions

What I Learned from Hayek

Practice Questions

Exam

Great Economist Exam

We're Hiring!
Register
Login
Terms of Use

Follow Us

Twitter
Youtube
facebook