An Inquiry Into the Nature and Causes of the Wealth of Nations Test | Final Test - Hard

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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. How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries?

2. At the time the book was written, what increased the price of gold exported from Spain and Portugal?

3. In 1715, what was the name of the accumulated taxes which had been mortgaged for paying the bank annuity?

4. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?

5. What is true of both a farm and a retail trade?

Short Essay Questions

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

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

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

4. What is a drawback?

5. How does the capital of a retailer and manufacturer differ?

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

7. What is the first duty of the sovereign and how is it performed?

8. According to the author, why do men prefer slave labor rather than the services of freemen?

9. Define the original two kinds of militia.

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain with examples how restraining, high duties, or absolute prohibitions on the importation of foreign goods that can be produced at home secure a domestic monopoly.

Essay Topic 2

Explain with examples the commerce that take place back and forth between the inhabitants of a town and the inhabitants of the country in a civilized society. What are the benefits to both? How does one area support the other area?

Essay Topic 3

Explain with examples, why bounties ought to be given only to those branches of trade which cannot be carried on without them.

(see the answer keys)

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