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This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What was one consequence when the German and Scythian nations overran the western provinces of the Roman empire?
(a) The country was left uncultivated.
(b) The inhabitants immgrated to other countries.
(c) The inhabitants were made slaves.
(d) The towns were razed.
2. What is true of the capital employed in agriculture and in the retail trade of any society?
(a) They must always earn within that society.
(b) They must always produce within that society.
(c) They must always do commerce within that society.
(d) They must always reside within that society.
3. In seeking for employment to a capital, what is preferred to foreign commerce?
(a) Domestic manufacturers.
(b) Inland manufacturers.
(c) Domestic merchandizing.
(d) Inland merchandizing.
4. How does annual consumption compare to annual spending?
(a) More is spent.
(b) They are nearly the same.
(c) There is no correlation.
(d) More is consumed.
5. What kind of wine is not a European commodity?
6. Which profession is not an example of an artificer?
7. What was prohibited from exportation in France until 1764?
8. What do hoarders fear in a rude state of society with no great mercantile or manufacturing capital?
(a) Necessary expenses.
(b) Extravagant expenses.
(c) Plunder from the government.
(d) Plunder from their peers.
9. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?
(a) It is of utmost importance.
(b) It is of no importance at all.
(c) It is of little importance.
(d) It's importance depends on a number of factors.
10. What are the natural consequences of the law of primogeniture?
(c) Divided estates.
(d) Female inheritors.
11. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?
(a) To pay the interest on the borrowed money.
(b) To run a government which has become more expensive.
(c) To pay back the borrowed money.
(d) To refill the emptied treasury.
12. What goods are ordinarily prohibited from being imported to Britain?
(c) Foreign produce.
13. What happens when the quantity of silver increases?
(a) Its value is unaffected.
(b) Its value is increased.
(c) Its value is under appreciated.
(d) Its value is diminished.
14. What must defray the expense of defense and government?
(a) Exports bounties.
(b) Draw backs fees.
15. When does the quantity of stock to be lent at interest grow?
(a) When production increases.
(b) When capital increases.
(c) When consumption increases.
(d) When labor increases.
Short Answer Questions
1. Where should the capital of a manufacturer generally reside?
2. How many ways are there to employ capital?
3. What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence?
4. What does the part of the annual production of the land and labor of any country which replaces a capital do?
5. Who concluded the treaty of commerce between England and Portugal in 1703?
This section contains 515 words
(approx. 2 pages at 300 words per page)