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This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 3 & Book 4, Chapter 1.

Multiple Choice Questions

1. What becomes the common instrument of commerce when barter ceases?
(a) Gem stones.
(b) Silver.
(c) Money.
(d) Gold.

2. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?
(a) Those who labor only for themselves.
(b) Those who labor in another country.
(c) Those who are not citizens of the country.
(d) Those who do not labor at all.

3. What is the common instrument of commerce and exchanges in some parts of the coast of India?
(a) Tobacco.
(b) Salt.
(c) Sugar.
(d) Shells.

4. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?
(a) 9%.
(b) 12%.
(c) 11%.
(d) 10%.

5. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?
(a) Tobacco.
(b) Textiles.
(c) Wheat.
(d) Molasses.

Short Answer Questions

1. The laborer is rich or poor, is well or ill rewarded, in proportion to what?

2. What is one characteristic of the Mediterranean Sea which made it favorable for infant navigation?

3. A part of which area was included in ancient Scythia?

4. Who are most likely to make improvements upon or invent new machines for manufacture?

5. What kind of revenue constitutes the whole annual produce of the a country's land and labor?

(see the answer key)

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