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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 regulates the quantity of materials and provisions that a town buys?
(a) The quantity of work the country has to sell.
(b) The quantity of manufacture they get from those in the country.
(c) The quantity of raw materials they get from those in the country.
(d) The quantity of work they sell to those in the country.

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

3. What was the original form of the metals used for commerce?
(a) Lumps.
(b) Coins.
(c) Nuggets.
(d) Bars.

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

5. What is a consequence of replacing gold money with paper money?
(a) It promotes a new industry.
(b) It allows for increased wages.
(c) It costs less both to erect and to maintain.
(d) It allows for more buying power.

Short Answer Questions

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

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

3. When was the Bank of England incorporated?

4. 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?

5. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?

(see the answer key)

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