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

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What is the inherent nature of stock and credit?
(a) They are unstable but renewable.
(b) They are stable and renewable.
(c) They are unstable and perishable.
(d) They are stable and permanent.

2. 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.

3. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?
(a) 9%.
(b) 12%.
(c) 11%.
(d) 10%.

4. In 1715, what was the name of the accumulated taxes which had been mortgaged for paying the bank annuity?
(a) The Differential Fund.
(b) The Accumulated Fund.
(c) The Aggregate Fund.
(d) The Augmented Fund.

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

Short Answer Questions

1. In modern armies, what is of more importance in determining the fate of battles?

2. At the time the book was written, what commodity regulated the value of all other home-made commodities?

3. Which society sends the least number of men to war in proportion to the whole population?

4. What bill was published by Alexander III in the 12th century?

5. How are almost all loans made?

Short Essay Questions

1. What is the first duty of the sovereign and how is it performed?

2. How is the interest rate for borrowed money determined?

3. The whole annual produce of the land and labor of every country, which comes either from the ground, or from the hands of the productive laborers, is divided into what two parts?

4. How is the military an example of unproductive labor?

5. Why do most men choose to employ their capitals in the improvement and cultivation of land?

6. Why does the colony of a civilized nation which takes possession of thinly inhabited country make rapid advances in that country?

7. What is the principal cause for the rapid progress of the American colonies towards wealth?

8. How does the capital of the wholesale merchant support the productive labor of society?

9. According to the author, why do men prefer slave labor rather than the services of freemen?

10. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?

(see the answer keys)

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