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

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

3. What was the common instrument of commerce among the ancient Spartans?
(a) Iron.
(b) Silver.
(c) Copper.
(d) Gold.

4. What comes before convenience?
(a) Luxury.
(b) Maintenance.
(c) Subsistence.
(d) Opulence.

5. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?
(a) Gross revenue.
(b) Production revenue.
(c) Consumption revenue.
(d) Net revenue.

Short Answer Questions

1. 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?

2. What regulates the quantity of materials and provisions that a town buys?

3. What is the first part of capital use in every growing society?

4. What is another name for paper money?

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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