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. What is the third part of capital use in every growing society?

2. What does the proportion between capital and revenue regulate?

3. What happens to productive labor when the funds for maintaining it are increased?

4. Who should own lands like parks, gardens, and public walks?

5. What does the part of the annual production of the land and labor of any country which replaces a capital do?

Short Essay Questions

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

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

3. Why do most men choose to employ their capitals in the improvement and cultivation of land?

4. 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?

5. How is unproductive labor maintained by revenue?

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

7. What is the difference between the two kinds of labor?

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

9. What is a drawback?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain with examples what happens to commerce in a society when gold and silver are devalued.

Essay Topic 2

As explained in the text, compare and contrast the general social exchange activity between men with the general social exchange activity between animals of the same species.

Essay Topic 3

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?

(see the answer keys)

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