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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. What is not an example of unproductive labor?
(a) The military.
(b) The school room.
(c) The church.
(d) The traders shop.

3. Where does vanity almost always lead?
(a) To superiority.
(b) To extravangance.
(c) To parismony.
(d) To poverty.

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

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

Short Answer Questions

1. What does a North American colonial artificer do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

2. At the time the book was written, what commodity regulated the value of all other home-made commodities?

3. In seeking for employment to a capital, what is preferred to foreign commerce?

4. What is the first part of capital use in every growing society?

5. St. Thomas and Santa Cruz are the only new world countries ever possessed by which country?

Short Essay Questions

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

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

3. The whole annual produce of the land and labor of every country, which comes either from the ground, or from the hands of the productive laborers, is divided into what two parts?

4. What is the first duty of the sovereign and how is it performed?

5. Define the original two kinds of militia.

6. How does the capital of the wholesale merchant support the productive labor of society?

7. What is necessary for commerce and manufacturing to flourish in a nation?

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

9. Why do most men choose to employ their capitals in the improvement and cultivation of land?

10. What happens when a country forbids collecting interest on borrowed money?

(see the answer keys)

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