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

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

3. In seeking for employment to a capital, what is preferred to foreign commerce?
(a) Inland manufacturers.
(b) Domestic merchandizing.
(c) Domestic manufacturers.
(d) Inland merchandizing.

4. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?
(a) Net rent.
(b) Consumption rent.
(c) Production rent.
(d) Gross rent.

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

Short Answer Questions

1. What is the third part of capital use in every growing society?

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

3. What is a person's revenue equal to?

4. In some measure, every man in a growing commercial society becomes what?

5. What was one problem with the use of rude metals?

(see the answer key)

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