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. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?
(a) 5%.
(b) 6%.
(c) 4%.
(d) 3%.

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

3. Which profession is not an example of an artificer?
(a) Carpenters.
(b) Tanners.
(c) Farmers.
(d) Wheel-wrights.

4. What does the lender consider stock lent at an interest?
(a) A capital.
(b) A revenue.
(c) A profit.
(d) An industry.

5. What are the people who employ their own capital called?
(a) Unproductive consumers.
(b) Productive laborers.
(c) Unproductive laborers.
(d) Productive consumers.

Short Answer Questions

1. Why isn't the wool of southern Scotland manufactured there?

2. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?

3. What gave Great Britain the monopoly of supplying the colonies with all the commodities of growth and manufacturing?

4. Where does vanity almost always lead?

5. What goods are ordinarily prohibited from being imported to Britain?

Short Essay Questions

1. Define the original two kinds of militia.

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

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

4. How is unproductive labor maintained by revenue?

5. How has the natural order of growth been inverted in some of the the modern states of Europe?

6. What happens when a country forbids collecting interest on borrowed money?

7. 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?

8. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?

9. How does a country fix the rate of interest on borrowed money so as to discourage usury?

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

(see the answer keys)

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