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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 the people.
(c) By taxing land owners.
(d) By selling commodities.

2. What was unserviceable for corn merchants, exporters, and importers?
(a) The bounty.
(b) Tax rebates.
(c) Subsidy pricing.
(d) Drawbacks.

3. When does the quantity of stock to be lent at interest grow?
(a) When consumption increases.
(b) When labor increases.
(c) When production increases.
(d) When capital increases.

4. Where do a farmer's or manufacturer's profits come from?
(a) From their reserve.
(b) From their surplus.
(c) From what they produce.
(d) From their stock.

5. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?
(a) Molasses.
(b) Textiles.
(c) Tobacco.
(d) Wheat.

Short Answer Questions

1. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?

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

3. How does annual consumption compare to annual spending?

4. What was the mint price of eight Paris ounces of gold according to the edict of January 1726?

5. Who established the French colony of St. Domingo?

Short Essay Questions

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

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

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

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

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

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

7. How is unproductive labor maintained by revenue?

8. What are the four general maxims regarding taxes?

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

10. 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?

(see the answer keys)

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