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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What was unserviceable for corn merchants, exporters, and importers?
(a) Subsidy pricing.
(b) The bounty.
(c) Tax rebates.
(d) Drawbacks.

2. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?
(a) 10%.
(b) 9%.
(c) 11%.
(d) 12%.

3. 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?
(a) He reinvests his stock into his business.
(b) He seeks to sell in distance towns.
(c) He buys land for improvement.
(d) He invests his stock in more workmen

4. How are almost all loans made?
(a) In goods.
(b) In gold.
(c) In paper money.
(d) In silver.

5. Who concluded the treaty of commerce between England and Portugal in 1703?
(a) Mr. Menchan.
(b) Mr. Methuen.
(c) Mr. Metuel.
(d) Mr. Melkson.

6. What regulates the quantity of materials and provisions that a town buys?
(a) The quantity of manufacture they get from those in the country.
(b) The quantity of work they sell to those in the country.
(c) The quantity of raw materials they get from those in the country.
(d) The quantity of work the country has to sell.

7. Where do a farmer's or manufacturer's profits come from?
(a) From what they produce.
(b) From their surplus.
(c) From their reserve.
(d) From their stock.

8. What gave Great Britain the monopoly of supplying the colonies with all the commodities of growth and manufacturing?
(a) The Colonial Commerce Bill.
(b) The Act for the Encouragement of Trade.
(c) The North American Trade Agreement.
(d) The Trade Agreement of 1780.

9. What are the two kinds of labor?
(a) Wage earning and charitable.
(b) Productive and unproductive.
(c) Professional and unskilled.
(d) Manual and mental.

10. What is a borrower who uses his borrowed stock for immediate consumption?
(a) A laborer.
(b) A merchant.
(c) An investor.
(d) A prodigal.

11. What bill was published by Alexander III in the 12th century?
(a) The directive to bring more slaves into the country.
(b) The forbidding of bringing more slaves into the country.
(c) The justification of slavery.
(d) The general emancipation of slaves.

12. Which society sends the least number of men to war in proportion to the whole population?
(a) Civilized society.
(b) Shepherd society.
(c) Hunter society.
(d) Agricultural society.

13. Who established the French colony of St. Domingo?
(a) Merchants and traders.
(b) Freed slaves and bondmen.
(c) Pirates and freebooters.
(d) Farmers and fishermen.

14. What is true of both a farm and a retail trade?
(a) Each must invest their fixed capital.
(b) Each are a mobile business.
(c) Each are suspectible to interest rates.
(d) Each are confined to a precise spot.

15. At the time the book was written, what commodity regulated the value of all other home-made commodities?
(a) Wheat.
(b) Textiles.
(c) Wine.
(d) Corn.

Short Answer Questions

1. What is not an example of unproductive labor?

2. What must defray the expense of defense and government?

3. How should revenue from public stock be supplemented?

4. Sugar was originally an enumerated commodity which could be exported only to which country?

5. What is the whole annual produce of the land and labor of every country used for?

(see the answer keys)

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