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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. How are capitals increased?

2. What are the natural consequences of the law of primogeniture?

3. Which society sends the least number of men to war in proportion to the whole population?

4. How does annual consumption compare to annual spending?

5. What is an example of a mercantile project?

Short Essay Questions

1. Define the original two kinds of militia.

2. What is the principal cause for the rapid progress of the American colonies towards wealth?

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

4. How does the capital of the wholesale merchant support the productive labor of society?

5. What are the two ways to impose land tax?

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

7. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?

8. What happens when a country forbids collecting interest on borrowed money?

9. What is the difference between the two kinds of labor?

10. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

As explained in the text, compare and contrast the general social exchange activity between men with the general social exchange activity between animals of the same species.

Essay Topic 2

There are two different views concerning whether or not a nation in wealthy. One view says that money is the measure of wealth, while the other says movable goods are the measure. Compare and contrast these two points of view.

Essay Topic 3

As explained in the text, compare and contrast the land-carriage of goods to the water-carriage of goods.

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