View a FREE sample

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. What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence?
(a) Cultivation.
(b) Commerce.
(c) Artificers.
(d) Raw materials.

2. What is the state of the greater part of the laboring poor in all countries?
(a) Their labor is not enough for sustenance.
(b) Their revenue is derived from their labor only.
(c) Their labor is sporadic and not continual.
(d) Their revenue is not enough for sustenance.

3. What kind of commodity must be sold quickly?
(a) Those with abundance of supply.
(b) Those which will not endure.
(c) Those in short supply.
(d) Those no longer wanted.

4. What is one consequence for society where the division of labor is practiced?
(a) Manufacturing is always growing.
(b) Wealth is enjoyed by even the lowest classes of people.
(c) All men are capable of learning a new trade.
(d) There is no unemployment.

5. What are the people who employ their own capital called?
(a) Unproductive consumers.
(b) Productive consumers.
(c) Unproductive laborers.
(d) Productive laborers.

Short Answer Questions

1. How are capitals diminished?

2. What is the common instrument of commerce and exchanges in Virginia?

3. What was the first article in the treaty of commerce between England and Portugal?

4. How many ways are there to employ capital?

5. What becomes the common instrument of commerce when barter ceases?

(see the answer key)

This section contains 246 words (approx. 1 page at 300 words per page) View a FREE sample