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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. What is the intention of the fixed capital?
2. What is the state of the greater part of the laboring poor in all countries?
3. What is the real price of a thing a person wants?
4. What is the sole end and purpose both of the fixed and circulating capitals?
5. To what price do all commodities gravitate?
Short Essay Questions
1. In every society or neighborhood, how is an ordinary or average rate of rent regulated?
2. Why was the weighing of precious metals a problem with their use in their crude state?
3. What two advantages did the banking companies of Scotland gain by dealing only with men who had frequent and regular operations with them?
4. What two values does the workman add to manufactured materials?
5. What was the purpose of the first public stamps affixed to metals?
6. 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?
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. How does the market limit the division of labor?
9. What three circumstances increase the quantity of work as a consequence of the division of labor?
10. Who or what is involved in the manufacture and sale of a woolen coat?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
"When a nation binds itself by treaty either to permit the entry of certain goods from one foreign country which it prohibits from all others, or to exempt the goods of one country from duties to which it subjects those of all others, the country, or at least the merchants and manufacturers of the country, whose commerce is so favored, must necessarily derive great advantage from the treaty." Explain with examples, how treaties, though they may be advantageous to the merchants and manufacturers of the favored, are necessarily disadvantageous to those of the favoring country.
Essay Topic 2
Explain with examples how restraining, high duties, or absolute prohibitions on the importation of foreign goods that can be produced at home secure a domestic monopoly.
Essay Topic 3
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.
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This section contains 1,171 words (approx. 4 pages at 300 words per page) |
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