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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. In some measure, every man in a growing commercial society becomes what?

2. What is the real measure of the exchangeable value of all commodities?

3. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?

4. What is one consequence for society where the division of labor is practiced?

5. What year was the Bank of England allowed to enlarge its capital stock?

Short Essay Questions

1. Circulating capital which affords a revenue is composed of four parts. What are those four parts?

2. 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?

3. How do fixed capital and circulating money resemble each other?

4. Why are circulating and fixed capital different for different occupations?

5. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?

6. Why is it difficult to determine the exchange value between two different kinds of labor?

7. In every society or neighborhood, how is an ordinary or average rate of rent regulated?

8. Explain a farmer's fixed and circulating capital.

9. What three circumstances increase the quantity of work as a consequence of the division of labor?

10. How are the differences in men of different professions fostered?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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?

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

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.

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This section contains 989 words (approx. 4 pages at 300 words per page) View a FREE sample