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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. Who established the French colony of St. Domingo?
(a) Merchants and traders.
(b) Freed slaves and bondmen.
(c) Farmers and fishermen.
(d) Pirates and freebooters.

2. What to British manufacturers import from the coasts of the Baltic?
(a) Molasses and sugar cane.
(b) Sugar and rum.
(c) Flax and hemp.
(d) Cotton and linen.

3. What happens when the quantity of silver increases?
(a) Its value is unaffected.
(b) Its value is diminished.
(c) Its value is under appreciated.
(d) Its value is increased.

4. Where does vanity almost always lead?
(a) To extravangance.
(b) To poverty.
(c) To parismony.
(d) To superiority.

5. What is the principal cause of the rapid progress of the American colonies?
(a) Nearly their entire capitals are employed in commerce.
(b) Nearly their entire capitals are employed in agriculture.
(c) Nearly their entire capitals are employed in settlements.
(d) Nearly their entire capitals are employed in land.

Short Answer Questions

1. What must defray the expense of defense and government?

2. Where do a farmer's or manufacturer's profits come from?

3. What is an example of a mercantile project?

4. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?

5. What is the third part of capital use in every growing society?

Short Essay Questions

1. What is a drawback?

2. 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?

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

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

5. Define the original two kinds of militia.

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

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

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

9. 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?

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

(see the answer keys)

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