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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 should revenue from public stock be supplemented?
(a) By selling the stock.
(b) By taxing land owners.
(c) By selling commodities.
(d) By taxing the people.

2. Sugar was originally an enumerated commodity which could be exported only to which country?
(a) Jamaica.
(b) North America.
(c) Great Britain.
(d) Spain.

3. Why isn't the wool of southern Scotland manufactured there?
(a) They don't have enough laborers to manufacture it.
(b) They don't have the capital to manufacture it.
(c) It's cheaper to manufacture it elsewhere.
(d) They don't have the factory to manufacture it.

4. How are capitals diminished?
(a) By industry.
(b) By prodigality.
(c) By revenue.
(d) By parsimony.

5. What happens to productive labor when the funds for maintaining it are increased?
(a) It grows greater.
(b) It demands wage increase.
(c) It grows less.
(d) It receives wage reduction.

Short Answer Questions

1. Where should the capital of a manufacturer generally reside?

2. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?

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

4. What is the inherent nature of stock and credit?

5. What does the interest rate on borrowed money need to be to prevent usury?

Short Essay Questions

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

2. How is unproductive labor maintained by revenue?

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

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

5. What is the principal cause for the rapid progress of the American colonies towards wealth?

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

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

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

9. Define the original two kinds of militia.

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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