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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 kind of rent is paid by a farmer?
(a) Gross rent.
(b) Consumption rent.
(c) Net rent.
(d) Production rent.

2. In all countries, what do men prefer in exchange for commodities?
(a) Like goods.
(b) Precious metals.
(c) Labor.
(d) Gem stones.

3. According to Homer, how much did the armor of Diomede cost?
(a) Eight oxen.
(b) Ten oxen.
(c) Nine oxen.
(d) Eleven oxen.

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

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

Short Answer Questions

1. What is true about the amount of metal coins which circulate in a society?

2. What is it called when gold purchases goods in one foreign country in order to supply the consumption of another?

3. How do most men choose to employ their capitals?

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

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

(see the answer key)

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