View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through End of Book 4 & Book 5, Chapter 1.

Multiple Choice Questions

1. What does the text say about the difference of the natural talents in men?
(a) That all men have unique talents unto themselves.
(b) That they are so different as so never to be changeable.
(c) That talent is natural and cannot be cultivated or improved.
(d) That they are not really that different.

2. What are the three original sources of all revenue?
(a) Wages, profit, and rent.
(b) Profit, taxes, and commerce.
(c) Trade, taxes, and wages.
(d) Commerce, taxes, and trade.

3. To what price do all commodities gravitate?
(a) The natural price.
(b) The stated price.
(c) The effectual price.
(d) The nominal price.

4. In some measure, every man in a growing commercial society becomes what?
(a) A farmer.
(b) A merchant.
(c) A scholar.
(d) A tinker.

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

Short Answer Questions

1. What is the common instrument of commerce and exchanges in Virginia?

2. Who concluded the treaty of commerce between England and Portugal in 1703?

3. Who established the French colony of St. Domingo?

4. What was prohibited from exportation in France until 1764?

5. The laborer is rich or poor, is well or ill rewarded, in proportion to what?

(see the answer key)

This section contains 228 words (approx. 1 page at 300 words per page) View a FREE sample