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

2. 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 rich countries.
(b) It is less in poor countries.
(c) It is less in rich countries.
(d) It is greater in poor countries.

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

4. How does annual consumption compare to annual spending?
(a) More is consumed.
(b) More is spent.
(c) They are nearly the same.
(d) There is no correlation.

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

Short Answer Questions

1. Who concluded the treaty of commerce between England and Portugal in 1703?

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

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?

4. What kind of wine is not a European commodity?

5. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?

Short Essay Questions

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

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

3. What is a drawback?

4. What are bounties?

5. How has the natural order of growth been inverted in some of the the modern states of Europe?

6. How is the interest rate for borrowed money determined?

7. Why does the colony of a civilized nation which takes possession of thinly inhabited country make rapid advances in that country?

8. How is unproductive labor maintained by revenue?

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

10. Define the original two kinds of militia.

(see the answer keys)

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