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

Multiple Choice Questions

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

2. What does the interest rate on borrowed money need to be to prevent usury?
(a) The rate needs to be somewhat below the lowest market price.
(b) The rate needs to be equal to the lowest market price.
(c) The rate needs to be half the lowest market price.
(d) The rate needs to be somewhat above the lowest market price.

3. What has increased in countries where interest on borrowed money has been prohibited by law?
(a) Money is borrowed from other countries.
(b) Industry does not grow.
(c) Capital is stagnant.
(d) Usury has increased.

4. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?
(a) To run a government which has become more expensive.
(b) To pay the interest on the borrowed money.
(c) To refill the emptied treasury.
(d) To pay back the borrowed money.

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

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

7. How does that part of the annual production, which comes either from the ground or from the hands of the productive laborers and is destined for replacing capital, compare between rich and poor countries?
(a) It is greater in poor countries.
(b) It is less in poor countries.
(c) It is greater in rich countries.
(d) It is less in rich countries.

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

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

10. What kind of wine is not a European commodity?
(a) Zinfadel.
(b) Merlot.
(c) Bordeaux.
(d) Madeira.

11. What are the people who employ their own capital called?
(a) Unproductive consumers.
(b) Productive consumers.
(c) Productive laborers.
(d) Unproductive laborers.

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

13. 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 utmost importance.
(b) It's importance depends on a number of factors.
(c) It is of no importance at all.
(d) It is of little importance.

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

15. What to British manufacturers import from the coasts of the Baltic?
(a) Sugar and rum.
(b) Molasses and sugar cane.
(c) Flax and hemp.
(d) Cotton and linen.

Short Answer Questions

1. How do most men choose to employ their capitals?

2. What is not an example of unproductive labor?

3. What does a man expect when he employs his stock as capital?

4. What regulates the quantity of materials and provisions that a town buys?

5. What was unserviceable for corn merchants, exporters, and importers?

(see the answer keys)

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