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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. How do most men choose to employ their capitals?
(a) Agriculture.
(b) Foreign trade.
(c) Manufactures.
(d) Improvement of land.

2. What does a man expect when he employs his stock as capital?
(a) Labor.
(b) Reserve.
(c) Wages.
(d) Profit.

3. When does the quantity of stock to be lent at interest grow?
(a) When consumption increases.
(b) When capital increases.
(c) When labor increases.
(d) When production increases.

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

5. Sugar was originally an enumerated commodity which could be exported only to which country?
(a) Spain.
(b) North America.
(c) Jamaica.
(d) Great Britain.

Short Answer Questions

1. What are the people who employ their own capital called?

2. What is the whole annual produce of the land and labor of every country used for?

3. What is the first part of capital use in every growing society?

4. Where is the wool of southern Scotland manufactured?

5. What is a common source of revenue for small republics?

Short Essay Questions

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

2. What is the significance of where the capital of a manufacturer resides?

3. What is a drawback?

4. How is unproductive labor maintained by revenue?

5. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?

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

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

8. What are the two ways to impose land tax?

9. Define the original two kinds of militia.

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

(see the answer keys)

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