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

Multiple Choice Questions

1. What kind of revenue constitutes the whole annual produce of the a country's land and labor?
(a) Net revenue.
(b) Gross revenue.
(c) Production revenue.
(d) Consumption revenue.

2. What is the common instrument of commerce and exchanges in Virginia?
(a) Sugar.
(b) Shells.
(c) Tobacco.
(d) Salt.

3. What does an artificer who lives where there is either no uncultivated land, or none that can be had upon easy terms, do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?
(a) He invests his stock in more workmen
(b) He reinvests his stock into his business.
(c) He buys land for improvement.
(d) He seeks to sell in distance towns.

4. According to Homer, how much did the armor of Diomede cost?
(a) Nine oxen.
(b) Eleven oxen.
(c) Eight oxen.
(d) Ten oxen.

5. What is another name for paper money?
(a) Circulating notes.
(b) Commerce notes.
(c) Debtors' notes.
(d) Promissory notes.

Short Answer Questions

1. Where does the town gain its wealth and subsistence from?

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

3. What is the common instrument of commerce and exchanges in Abyssinia?

4. What was the common instrument of commerce among the ancient Spartans?

5. What is the second part of capital use in every growing society?

(see the answer key)

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