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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What is the whole annual produce of the land and labor of every country used for?
2. Who concluded the treaty of commerce between England and Portugal in 1703?
3. Where should the capital of a manufacturer generally reside?
4. What does a man expect when he employs his stock as capital?
5. What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market?
Short Essay Questions
1. 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?
2. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?
3. What is a drawback?
4. What are the two ways to impose land tax?
5. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?
6. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?
7. Why does the colony of a civilized nation which takes possession of thinly inhabited country make rapid advances in that country?
8. How does the capital of the wholesale merchant support the productive labor of society?
9. How is unproductive labor maintained by revenue?
10. What is the significance of where the capital of a manufacturer resides?
Write an essay for ONE of the following topics:
Essay Topic 1
Explain the general characteristics of the division of labor between small and large manufacturers. How are they the same? How are they different? How is division of labor generally advantageous?
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 1,087 words
(approx. 4 pages at 300 words per page)