|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What does the part of the annual production of the land and labor of any country which replaces a capital do?
2. How does annual consumption compare to annual spending?
3. How should revenue from public stock be supplemented?
4. What does an artificer who lives where there is either no uncultivated land, or none that can be had upon easy terms, do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?
5. What is the principal cause of the rapid progress of the American colonies?
Short Essay Questions
1. What is the first duty of the sovereign and how is it performed?
2. What are the four general maxims regarding taxes?
3. What is a drawback?
4. What is necessary for commerce and manufacturing to flourish in a nation?
5. What is the principal cause for the rapid progress of the American colonies towards wealth?
6. According to the author, why do men prefer slave labor rather than the services of freemen?
7. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?
8. What is the significance of where the capital of a manufacturer resides?
9. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?
10. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
"When a nation binds itself by treaty either to permit the entry of certain goods from one foreign country which it prohibits from all others, or to exempt the goods of one country from duties to which it subjects those of all others, the country, or at least the merchants and manufacturers of the country, whose commerce is so favored, must necessarily derive great advantage from the treaty." Explain with examples, how treaties, though they may be advantageous to the merchants and manufacturers of the favored, are necessarily disadvantageous to those of the favoring country.
Essay Topic 3
There are two different views concerning whether or not a nation in wealthy. One view says that money is the measure of wealth, while the other says movable goods are the measure. Compare and contrast these two points of view.
This section contains 1,146 words
(approx. 4 pages at 300 words per page)