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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 regulates the quantity of materials and provisions that a town buys?
(a) The quantity of manufacture they get from those in the country.
(b) The quantity of raw materials they get from those in the country.
(c) The quantity of work the country has to sell.
(d) The quantity of work they sell to those in the country.

2. What determines the ordinary market price of land?
(a) The ordinary market rate of gold.
(b) The ordinary market rate of product consumption.
(c) The ordinary market rate of interest.
(d) The ordinary market rate of corn.

3. What is one consequence of marketplace competition?
(a) It lowers the need for workmen.
(b) It lowers the profits of stock.
(c) It raises the profits of stock.
(d) It lowers the wages of labor.

4. What is the old subsidy rule?
(a) Merchants were allowed to draw back half their duty on exported goods.
(b) By act of parliment, duties are imposed only on foreign goods.
(c) Drawbacks must preserve the natural division and distribution of labor in society.
(d) Any particular employment cannot draw a greater share of capital to hinder they duty from other employments.

5. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?
(a) It is of utmost importance.
(b) It is of no importance at all.
(c) It's importance depends on a number of factors.
(d) It is of little importance.

Short Answer Questions

1. What was prohibited from exportation in France until 1764?

2. As capital increases in any country, what happens to the profits which can be made by employing them ?

3. How many ways are there to employ capital?

4. Which profession is not an example of an artificer?

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

Short Essay Questions

1. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?

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

3. How is unproductive labor maintained by revenue?

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

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

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

7. What is a drawback?

8. What is the significance of where the capital of a manufacturer resides?

9. How does a country fix the rate of interest on borrowed money so as to discourage usury?

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

(see the answer keys)

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