Final Test - Hard
|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions and 1 (of 3) essay topics.
Short Answer Questions
1. What happens when the quantity of silver increases?
2. What is true of the capital employed in agriculture and in the retail trade of any society?
3. How many ways are there to employ capital?
4. What was prohibited from exportation in France until 1764?
5. What is not an example of unproductive labor?
Essay Topic 1
Merchants and manufacturers desire the most extensive foreign sale for their goods but their home country has no jurisdiction in foreign nations. Consequently, they are obliged to petition for certain encouragements to exportation. These encouragements what are called drawbacks. Explain with examples how drawbacks work for both the exporting and importing country. What are the benefits and/or hindrances to both?
Essay Topic 2
What knowledge and ready organizational systems do colonists carry with them to build a new colony? How does the abundance of land affect the colonists' knowledge and systems?
Essay Topic 3
"Though all capitals are destined for the maintenance of productive labor only, yet the quantity of that labor which equal capitals are capable of putting into motion varies extremely according to the diversity of their employment." Explain and give examples of the four different ways that capital can be employed and tell why these four ways are absolutely necessary.
This section contains 265 words
(approx. 1 page at 300 words per page)