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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 4 & Book 5, Chapter 1.

Multiple Choice Questions

1. Originally, what did sailors fear?
(a) That their compasses were inaccurate.
(b) Navigating on a cloudy night.
(c) That islands moved around in the sea.
(d) Being out of sight of the shore.

2. What does the division of labor do for individual workmen?
(a) It enables each man to work fewer hours.
(b) It gives each man more work to do.
(c) It reduces every man's job to one simple operation.
(d) It teaches each man a new skill.

3. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?
(a) Motrammers.
(b) Milayers.
(c) Mamtroers.
(d) Metayers.

4. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?
(a) A business propostion.
(b) A bargain.
(c) A mutual offer.
(d) A fair trade.

5. Where do a farmer's or manufacturer's profits come from?
(a) From their surplus.
(b) From their reserve.
(c) From their stock.
(d) From what they produce.

Short Answer Questions

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

2. In what country is the Ganges River?

3. Under division of labor, what generally supplies a man's wants?

4. How many ways are there to employ capital?

5. What to British manufacturers import from the coasts of the Baltic?

(see the answer key)

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