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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Labor measures the value of price which resolves itself into labor, rent, and what one other thing?
2. What three ways do we obtain from one another the greater part of those mutual good offices which we stand in need of?
3. What kind of revenue constitutes the whole annual produce of the a country's land and labor?
4. What does the text say about the difference of the natural talents in men?
5. What was the common instrument of commerce among the ancient Romans?
Short Essay Questions
1. In every society or neighborhood, how is an ordinary or average rate of rent regulated?
2. Give one example of how a tribe of hunters or shepherds would begin the process of division of labor?
3. Explain a farmer's fixed and circulating capital.
4. Why are circulating and fixed capital different for different occupations?
5. Why is it difficult to determine the exchange value between two different kinds of labor?
6. Why do commercial nations use coins of different kinds of metals?
7. What are the two ways in which a capital may be employed so as to yield a revenue or profit to its employer.
8. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?
9. Why is the division of labor not considered the effect of human wisdom?
10. How is the circulating capital of a society different from that of an individual?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
"The increase and riches of commercial and manufacturing towns contributed to the improvement and cultivation of the countries to which they belonged in three different ways." Explain with examples the three ways mentioned in the quote above.
Essay Topic 2
Define and give examples for the two kinds of stock a workman may possess. Explain and give examples for the three ways stock is used for personal consumption.
Essay Topic 3
As explained in the text, compare and contrast the general social exchange activity between men with the general social exchange activity between animals of the same species.
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This section contains 1,046 words (approx. 4 pages at 300 words per page) |
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