An Inquiry Into the Nature and Causes of the Wealth of Nations Test | Final Test - Easy

This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.

An Inquiry Into the Nature and Causes of the Wealth of Nations Test | Final Test - Easy

This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.
Buy the An Inquiry Into the Nature and Causes of the Wealth of Nations Lesson Plans
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is a common source of revenue for small republics?
(a) Small businesses.
(b) Mercantile projects.
(c) Exports.
(d) Surplus goods.

2. What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence?
(a) Cultivation.
(b) Commerce.
(c) Artificers.
(d) Raw materials.

3. What does the part of the annual production of the land and labor of any country which replaces a capital do?
(a) It pays the wages of unproductive labour.
(b) It pays the wages of productive labour.
(c) It restores the depleted stock.
(d) It replaces the needed materials of manufacturing.

4. What do hoarders fear in a rude state of society with no great mercantile or manufacturing capital?
(a) Plunder from their peers.
(b) Plunder from the government.
(c) Extravagant expenses.
(d) Necessary expenses.

5. What happens to productive labor when the funds for maintaining it are increased?
(a) It receives wage reduction.
(b) It grows greater.
(c) It demands wage increase.
(d) It grows less.

6. What is one consequence of marketplace competition?
(a) It lowers the need for workmen.
(b) It raises the profits of stock.
(c) It lowers the profits of stock.
(d) It lowers the wages of labor.

7. What is the old subsidy rule?
(a) Merchants were allowed to draw back half their duty on exported goods.
(b) By act of parliment, duties are imposed only on foreign goods.
(c) Any particular employment cannot draw a greater share of capital to hinder they duty from other employments.
(d) Drawbacks must preserve the natural division and distribution of labor in society.

8. What is a borrower who uses his borrowed stock for immediate consumption?
(a) A laborer.
(b) A prodigal.
(c) A merchant.
(d) An investor.

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

10. How are capitals diminished?
(a) By prodigality.
(b) By industry.
(c) By parsimony.
(d) By revenue.

11. What has increased in countries where interest on borrowed money has been prohibited by law?
(a) Industry does not grow.
(b) Money is borrowed from other countries.
(c) Usury has increased.
(d) Capital is stagnant.

12. What is true of both a farm and a retail trade?
(a) Each are suspectible to interest rates.
(b) Each are a mobile business.
(c) Each must invest their fixed capital.
(d) Each are confined to a precise spot.

13. How are almost all loans made?
(a) In gold.
(b) In goods.
(c) In silver.
(d) In paper money.

14. What happens when the quantity of silver increases?
(a) Its value is diminished.
(b) Its value is unaffected.
(c) Its value is increased.
(d) Its value is under appreciated.

15. What is an example of a mercantile project?
(a) A textile company.
(b) A post office.
(c) A corn field.
(d) A gold mine.

Short Answer Questions

1. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?

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

3. In Great Britain, what is inserted into the annual land and malt taxes?

4. What does the lender consider stock lent at an interest?

5. Where should the capital of a manufacturer generally reside?

(see the answer keys)

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