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

Multiple Choice Questions

1. How many ways are there to employ capital?
(a) 3.
(b) 5.
(c) 6.
(d) 4.

2. In Great Britain, what is inserted into the annual land and malt taxes?
(a) A liberty ot redeem clause.
(b) A perpetual funding clause.
(c) A borrowing clause.
(d) An annuity equivalent.

3. What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market?
(a) The fall in the money price of commodities.
(b) Fixed money prices of commodities.
(c) The rise in the money price of commodities.
(d) Government directed money prices of commodities.

4. Where does the town gain its wealth and subsistence from?
(a) The country.
(b) Its capital.
(c) Its manufacturers.
(d) Society.

5. Where do a merchant's or retailer's profits come from?
(a) From what they save.
(b) From what they buy.
(c) From what they both buy and sell.
(d) From what they sell.

6. How are capitals increased?
(a) By parsimony.
(b) By industry.
(c) By misconduct.
(d) By prodigality.

7. What was the first article in the treaty of commerce between England and Portugal?
(a) British wheat will be exported to Portugal.
(b) British woolen cloth will be exported to Portugal.
(c) British wine will be exported to Portugal.
(d) British corn will be exported to Portugal.

8. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?
(a) It is of no importance at all.
(b) It is of little importance.
(c) It's importance depends on a number of factors.
(d) It is of utmost importance.

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

10. Where is the wool of southern Scotland manufactured?
(a) Yorkshire.
(b) London.
(c) Cork.
(d) Edinborough.

11. What is true of the capital employed in agriculture and in the retail trade of any society?
(a) They must always earn within that society.
(b) They must always reside within that society.
(c) They must always do commerce within that society.
(d) They must always produce within that society.

12. What is an example of a mercantile project?
(a) A post office.
(b) A corn field.
(c) A gold mine.
(d) A textile company.

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

14. At the time the book was written, what increased the price of gold exported from Spain and Portugal?
(a) Smuggling.
(b) Depleted mines.
(c) Gold from Peru.
(d) More mines found.

15. What is the first part of capital use in every growing society?
(a) Inland commerce.
(b) Agriculture.
(c) Manufacturers.
(d) Foreign commerce.

Short Answer Questions

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

2. What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence?

3. During the sixteenth century, who claimed all of America as its own?

4. What does the proportion between capital and revenue regulate?

5. What goods are ordinarily prohibited from being imported to Britain?

(see the answer keys)

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