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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 happens to productive labor when the funds for maintaining it are increased?
(a) It grows greater.
(b) It grows less.
(c) It receives wage reduction.
(d) It demands wage increase.

2. What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market?
(a) The rise in the money price of commodities.
(b) Fixed money prices of commodities.
(c) The fall in the money price of commodities.
(d) Government directed money prices of commodities.

3. What was prohibited from exportation in France until 1764?
(a) Wheat.
(b) Corn.
(c) Silks.
(d) Wine.

4. How are almost all loans made?
(a) In silver.
(b) In goods.
(c) In gold.
(d) In paper money.

5. What goods are ordinarily prohibited from being imported to Britain?
(a) Silks.
(b) Foreign produce.
(c) Wines.
(d) Gold.

Short Answer Questions

1. What is an example of a mercantile project?

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

3. When does the quantity of stock to be lent at interest grow?

4. What are the natural consequences of the law of primogeniture?

5. What was the mint price of eight Paris ounces of gold according to the edict of January 1726?

Short Essay Questions

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

2. What are the four general maxims regarding taxes?

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

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

5. What is a drawback?

6. What is necessary for commerce and manufacturing to flourish in a nation?

7. What are the two ways a borrower can use borrowed stock?

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

9. 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?

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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