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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. As capital increases in any country, what happens to the profits which can be made by employing them ?

2. Who should own lands like parks, gardens, and public walks?

3. When a government has borrowed a great deal of money, what is the justification for imposing new taxes?

4. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?

5. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?

Short Essay Questions

1. What are the three ways capital is used in the natural growth of a new society?

2. How does the capital of a retailer and manufacturer differ?

3. According to the author, why do men prefer slave labor rather than the services of freemen?

4. How does a country fix the rate of interest on borrowed money so as to discourage usury?

5. How is unproductive labor maintained by revenue?

6. How has the natural order of growth been inverted in some of the the modern states of Europe?

7. In the North American colonies, what does an artificer do who has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

8. How is the interest rate for borrowed money determined?

9. What is necessary for commerce and manufacturing to flourish in a nation?

10. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Define and give examples for the two different meanings of the word 'value' as applied to use and exchange.

Essay Topic 2

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 3

Explain with examples, why bounties ought to be given only to those branches of trade which cannot be carried on without them.

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This section contains 968 words (approx. 4 pages at 300 words per page) View a FREE sample