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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 does the part of the annual production of the land and labor of any country which replaces a capital do?
2. What was prohibited from exportation in France until 1764?
3. What comes before convenience?
4. Who established the French colony of St. Domingo?
5. What kind of wine is not a European commodity?
Short Essay Questions
1. What is the difference between the two kinds of labor?
2. What is the first duty of the sovereign and how is it performed?
3. What are the four general maxims regarding taxes?
4. What are the two ways a borrower can use borrowed stock?
5. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?
6. Why do most men choose to employ their capitals in the improvement and cultivation of land?
7. What are the three ways capital is used in the natural growth of a new society?
8. What is the significance of where the capital of a manufacturer resides?
9. How does the capital of the wholesale merchant support the productive labor of society?
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
The text says "Labour measures the value not only of that part of price which resolves itself into labour, but of that which resolves itself into rent, and of that which resolves itself into profit." Explain with examples how the price of every commodity in every improved society finally resolves itself into all of those three parts.
Essay Topic 2
With specific examples, compare and contrast the forms of defense among these different societies - 1. a nation of hunters; 2. a nation of shepherds; 3. a nation of husbandmen with no foreign commerce or manufacture.
Essay Topic 3
Explain with examples what happens to commerce in a society when gold and silver are devalued.
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This section contains 1,122 words (approx. 4 pages at 300 words per page) |
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