|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. How do most men choose to employ their capitals?
2. In Great Britain, what is inserted into the annual land and malt taxes?
3. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?
4. Sugar was originally an enumerated commodity which could be exported only to which country?
5. What comes before convenience?
Short Essay Questions
1. What is the first duty of the sovereign and how is it performed?
2. How is the interest rate for borrowed money determined?
3. How does the capital of a retailer and manufacturer differ?
4. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?
5. What is necessary for commerce and manufacturing to flourish in a nation?
6. How does the capital of the wholesale merchant support the productive labor of society?
7. What is the principal cause for the rapid progress of the American colonies towards wealth?
8. What are the three ways capital is used in the natural growth of a new society?
9. What are the four general maxims regarding taxes?
10. According to the author, why do men prefer slave labor rather than the services of freemen?
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
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 926 words
(approx. 4 pages at 300 words per page)