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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 original form of the metals used for commerce?
(a) Nuggets.
(b) Coins.
(c) Lumps.
(d) Bars.

2. During the sixteenth century, who claimed all of America as its own?
(a) Holland.
(b) Spain.
(c) Portugal.
(d) Great Britain.

3. What kind of wine is not a European commodity?
(a) Merlot.
(b) Madeira.
(c) Bordeaux.
(d) Zinfadel.

4. How many general types of circulating capital are there?
(a) Three.
(b) Five.
(c) Two.
(d) Four.

5. What goods are ordinarily prohibited from being imported to Britain?
(a) Gold.
(b) Foreign produce.
(c) Silks.
(d) Wines.

Short Answer Questions

1. The ordinary or average rates of wages, profit, and rent may also be called what?

2. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

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

4. What is a common characteristic for a workman under division of labor?

5. Who should own lands like parks, gardens, and public walks?

(see the answer key)

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