Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Which country's inland navigation caused its early improvement?
2. What is capital?
3. Originally, what did sailors fear?
4. What kind of capital is employed in the improvement of land and in the purchase of useful machines and instruments of trade?
5. What is the common instrument of commerce and exchanges in Virginia?
Short Essay Questions
1. Why was the assaying of precious metals originally a problem?
2. Explain a farmer's fixed and circulating capital.
3. What two values does the workman add to manufactured materials?
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. 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. Why is the division of labor not considered the effect of human wisdom?
8. How does private property change the land of any country?
9. Give one example of how a country workman is obliged to apply himself to all the different branches of industry that employ the same sort of materials.
10. What three circumstances increase the quantity of work as a consequence of the division of labor?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
"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 3
Explain with examples, why bounties ought to be given only to those branches of trade which cannot be carried on without them.
|
This section contains 1,114 words (approx. 4 pages at 300 words per page) |
|
