|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. How should revenue from public stock be supplemented?
(a) By taxing the people.
(b) By selling the stock.
(c) By selling commodities.
(d) By taxing land owners.
2. What does a man expect when he employs his stock as capital?
3. What to British manufacturers import from the coasts of the Baltic?
(a) Cotton and linen.
(b) Molasses and sugar cane.
(c) Sugar and rum.
(d) Flax and hemp.
4. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?
(a) To run a government which has become more expensive.
(b) To pay back the borrowed money.
(c) To refill the emptied treasury.
(d) To pay the interest on the borrowed money.
5. What was one consequence when the German and Scythian nations overran the western provinces of the Roman empire?
(a) The inhabitants were made slaves.
(b) The country was left uncultivated.
(c) The towns were razed.
(d) The inhabitants immgrated to other countries.
6. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?
(a) There was no sufficient industry to work in.
(b) There was no sufficient encouragement to earn a wage.
(c) There was no sufficient wage to work in industry.
(d) There was no sufficient encouragement to industry.
7. What must defray the expense of defense and government?
(a) Draw backs fees.
(c) Exports bounties.
8. How does annual consumption compare to annual spending?
(a) They are nearly the same.
(b) There is no correlation.
(c) More is spent.
(d) More is consumed.
9. What bill was published by Alexander III in the 12th century?
(a) The forbidding of bringing more slaves into the country.
(b) The directive to bring more slaves into the country.
(c) The general emancipation of slaves.
(d) The justification of slavery.
10. Who should own lands like parks, gardens, and public walks?
(a) Individual owners.
(b) The public.
(c) No one.
(d) The crown.
11. What is an example of a mercantile project?
(a) A post office.
(b) A corn field.
(c) A textile company.
(d) A gold mine.
12. What goods are ordinarily prohibited from being imported to Britain?
(a) Foreign produce.
13. Which profession is not an example of an artificer?
14. What is a common source of revenue for small republics?
(a) Small businesses.
(b) Mercantile projects.
(c) Surplus goods.
15. Sugar was originally an enumerated commodity which could be exported only to which country?
(a) Great Britain.
(b) North America.
Short Answer Questions
1. How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries?
2. What is one consequence of marketplace competition?
3. What does the proportion between capital and revenue regulate?
4. As capital increases in any country, what happens to the profits which can be made by employing them ?
5. What comes before convenience?
This section contains 537 words
(approx. 2 pages at 300 words per page)