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

2. What is the intention of the fixed capital?
(a) To increase the speed of manufacturing.
(b) To increase the productive powers of labour.
(c) To decrease the number of workmen needed.
(d) To decrease the overhead cost of manufacturing.

3. What is another name for paper money?
(a) Commerce notes.
(b) Debtors' notes.
(c) Circulating notes.
(d) Promissory notes.

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

5. How do most men choose to employ their capitals?
(a) Agriculture.
(b) Manufactures.
(c) Improvement of land.
(d) Foreign trade.

Short Answer Questions

1. What is a consequence of replacing gold money with paper money?

2. What kind of rent comes to the landlord after deducting the expense of management, of repairs, and all other necessary charges?

3. What was the original form of the metals used for commerce?

4. What year was the Bank of England allowed to enlarge its capital stock?

5. In seeking for employment to a capital, what is preferred to foreign commerce?

(see the answer key)

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