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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. In Great Britain, what is inserted into the annual land and malt taxes?
(a) A perpetual funding clause.
(b) A borrowing clause.
(c) An annuity equivalent.
(d) A liberty ot redeem clause.

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

3. As capital increases in any country, what happens to the profits which can be made by employing them ?
(a) They remain the same.
(b) They promote growth.
(c) They decrease.
(d) They increase.

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

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

Short Answer Questions

1. Where does vanity almost always lead?

2. What does the lender consider stock lent at an interest?

3. What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market?

4. In 1715, what was the name of the accumulated taxes which had been mortgaged for paying the bank annuity?

5. Who should own lands like parks, gardens, and public walks?

Short Essay Questions

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

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

3. Define the original two kinds of militia.

4. 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?

5. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?

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

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

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

9. What are the four general maxims regarding taxes?

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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