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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 to British manufacturers import from the coasts of the Baltic?

2. What is true of the capital employed in agriculture and in the retail trade of any society?

3. What does the lender consider stock lent at an interest?

4. Which society sends the least number of men to war in proportion to the whole population?

5. What does the interest rate on borrowed money need to be to prevent usury?

Short Essay Questions

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

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

3. What are the three ways capital is used in the natural growth of a new society?

4. How is unproductive labor maintained by revenue?

5. What is the principal cause for the rapid progress of the American colonies towards wealth?

6. Define the original two kinds of militia.

7. How is the interest rate for borrowed money determined?

8. What are the two ways to impose land tax?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

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?

Essay Topic 3

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?

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This section contains 1,040 words (approx. 4 pages at 300 words per page) View a FREE sample