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

Multiple Choice Questions

1. What was the mint price of eight Paris ounces of gold according to the edict of January 1726?
(a) Seven hundred and forty livres, nine sous, and one denier one-eleventh.
(b) Seven hundred and twenty livres, nine sous, and one denier one-eleventh.
(c) Seven hundred and thirty livres, nine sous, and one denier one-eleventh.
(d) Seven hundred and ten livres, nine sous, and one denier one-eleventh.

2. What was prohibited from exportation in France until 1764?
(a) Wheat.
(b) Silks.
(c) Corn.
(d) Wine.

3. How long would it take for a broad-wheeled wagon, attended by two men, and drawn by eight horses, to carry four tons of goods between London and Edinburgh?
(a) Four weeks.
(b) Seven weeks.
(c) Five weeks.
(d) Six weeks.

4. What is a common characteristic for a workman under division of labor?
(a) Every workman produces more than he needs.
(b) Every workman has increased purchasing power.
(c) Every workman is equal to every other workman.
(d) Every workman has the means to improve himself.

5. Who are most likely to make improvements upon or invent new machines for manufacture?
(a) The owner of the manufacturing process.
(b) The man who repairs and cleans the machines.
(c) Those who work with or make the machines.
(d) The man who is responsible for the running of the manufacturing process.

Short Answer Questions

1. How many general types of fixed capital are there?

2. What is the principal cause of the rapid progress of the American colonies?

3. What is one characteristics of a fixed capital?

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

5. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?

(see the answer key)

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