View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Book 2, Chapter 3.

Multiple Choice Questions

1. What is true about the amount of metal coins which circulate in a society?
(a) They can never be equal to the revenue of the society.
(b) They fluctuate the revenue of the society.
(c) They are equal to the revenue of the society.
(d) They have no relation to the revenue of the society.

2. Under what circumstance would every man have to perform exactly the same duties and do exactly the same work?
(a) If there were no manufacturers of commodities.
(b) If there were no organized society.
(c) If there were no difference of talent.
(d) If there were no truck, barter, and exchange.

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

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

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

Short Answer Questions

1. Commonly, why does man #1 help man #2?

2. What causes the difference between a philosopher and a street porter?

3. What is the actual price at which any commodity is commonly sold called?

4. How does annual consumption compare to annual spending?

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

(see the answer key)

This section contains 300 words (approx. 1 page at 300 words per page) View a FREE sample