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

Multiple Choice Questions

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

2. What happens when the quantity of silver increases?
(a) Its value is diminished.
(b) Its value is under appreciated.
(c) Its value is unaffected.
(d) Its value is increased.

3. What are the natural consequences of the law of primogeniture?
(a) Entails.
(b) Female inheritors.
(c) Bankrupcy.
(d) Divided estates.

4. What was prohibited from exportation in France until 1764?
(a) Corn.
(b) Wine.
(c) Wheat.
(d) Silks.

5. What does the part of the annual production of the land and labor of any country which replaces a capital do?
(a) It restores the depleted stock.
(b) It replaces the needed materials of manufacturing.
(c) It pays the wages of productive labour.
(d) It pays the wages of unproductive labour.

6. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?
(a) Mamtroers.
(b) Motrammers.
(c) Metayers.
(d) Milayers.

7. In seeking for employment to a capital, what is preferred to foreign commerce?
(a) Domestic manufacturers.
(b) Domestic merchandizing.
(c) Inland manufacturers.
(d) Inland merchandizing.

8. What happens to productive labor when the funds for maintaining it are increased?
(a) It grows greater.
(b) It grows less.
(c) It receives wage reduction.
(d) It demands wage increase.

9. What do hoarders fear in a rude state of society with no great mercantile or manufacturing capital?
(a) Extravagant expenses.
(b) Necessary expenses.
(c) Plunder from the government.
(d) Plunder from their peers.

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

11. What does a man expect when he employs his stock as capital?
(a) Labor.
(b) Profit.
(c) Reserve.
(d) Wages.

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

13. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?
(a) Tobacco.
(b) Molasses.
(c) Wheat.
(d) Textiles.

14. What does the proportion between capital and revenue regulate?
(a) The proportion between capital and money.
(b) The proportion between industry and idleness.
(c) The proportion between labor and manufacturing.
(d) The proportion between production and wages.

15. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?
(a) 3%.
(b) 4%.
(c) 5%.
(d) 6%.

Short Answer Questions

1. What is the inherent nature of stock and credit?

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

3. What is true of both a farm and a retail trade?

4. How are almost all loans made?

5. What is not an example of unproductive labor?

(see the answer keys)

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