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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. To what price do all commodities gravitate?
2. How are a philosopher and a street porter the same?
3. What was one problem with the use of rude metals?
4. In what country is the Ganges River?
5. How long would it take for a broad-wheeled wagon, attended by two men, and drawn by eight horses, to carry four tons of goods between London and Edinburgh?
Short Essay Questions
1. Why do commercial nations use coins of different kinds of metals?
2. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?
3. What would happen at the end of a war, if the enemy confiscated the gold upon which the losing country's paper money was based?
4. Why are circulating and fixed capital different for different occupations?
5. How does private property change the land of any country?
6. What two advantages did the banking companies of Scotland gain by dealing only with men who had frequent and regular operations with them?
7. What two values does the workman add to manufactured materials?
8. How does the multiplication of the productions of all the different arts, in consequence of the division of labor in a well-governed society, extend opulence to the lowest ranks of the people?
9. What are the two possible origins of the propensity to truck, barter, and exchange one thing for another?
10. Who commonly makes improvements in manufacturing machinery?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Explain with examples, the three reasons why laying extraordinary restraints upon particular countries with which the importation of goods of almost all kinds from balance of trade is not disadvantageous as supposed, but rather the results of national prejudice and animosity.
Essay Topic 2
Merchants and manufacturers desire the most extensive foreign sale for their goods but their home country has no jurisdiction in foreign nations. Consequently, they are obliged to petition for certain encouragements to exportation. These encouragements what are called drawbacks. Explain with examples how drawbacks work for both the exporting and importing country. What are the benefits and/or hindrances to both?
Essay Topic 3
What knowledge and ready organizational systems do colonists carry with them to build a new colony? How does the abundance of land affect the colonists' knowledge and systems?
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This section contains 1,120 words (approx. 4 pages at 300 words per page) |
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