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

Multiple Choice Questions

1. What kind of person depends chiefly on the benevolence of this fellow citizens?
(a) An unemployed man.
(b) A woman.
(c) A beggar.
(d) A child.

2. 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) Net rent.
(c) Consumption rent.
(d) Gross rent.

3. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?
(a) 9%.
(b) 12%.
(c) 10%.
(d) 11%.

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

5. The ordinary or average rates of wages, profit, and rent may also be called what?
(a) The commodity rates.
(b) The common rates.
(c) The natural rates.
(d) The derived rates.

Short Answer Questions

1. What does the author consider to be a wasteful use of gold?

2. What kind of rent is paid by a farmer?

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

4. What is another name for paper money?

5. Where is the wool of southern Scotland manufactured?

(see the answer key)

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