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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 is the whole annual produce of the land and labor of every country used for?
(a) Consumption and revenue.
(b) Manufacture and trade.
(c) Stock and commerce.
(d) Tax and employment.

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

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

4. 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.

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

Short Answer Questions

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

2. Sugar was originally an enumerated commodity which could be exported only to which country?

3. Why isn't the wool of southern Scotland manufactured there?

4. How many ways are there to employ capital?

5. Where do a merchant's or retailer's profits come from?

Short Essay Questions

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

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

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 are bounties?

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

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

7. What is a drawback?

8. What are the two ways a borrower can use borrowed stock?

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

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

(see the answer keys)

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