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

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

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

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

5. What bill was published by Alexander III in the 12th century?
(a) The general emancipation of slaves.
(b) The forbidding of bringing more slaves into the country.
(c) The directive to bring more slaves into the country.
(d) The justification of slavery.

Short Answer Questions

1. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?

2. Where is the wool of southern Scotland manufactured?

3. Where does vanity almost always lead?

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

5. What has increased in countries where interest on borrowed money has been prohibited by law?

Short Essay Questions

1. What are bounties?

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

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

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

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

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

7. In the North American colonies, what does an artificer do who has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

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

9. How is the military an example of unproductive labor?

10. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?

(see the answer keys)

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