View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. In 1715, what was the name of the accumulated taxes which had been mortgaged for paying the bank annuity?

2. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?

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

4. At the time the book was written, what commodity regulated the value of all other home-made commodities?

5. How should revenue from public stock be supplemented?

Short Essay Questions

1. Why do most men choose to employ their capitals in the improvement and cultivation of land?

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

3. Define the original two kinds of militia.

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

5. How is unproductive labor maintained by revenue?

6. Why does the colony of a civilized nation which takes possession of thinly inhabited country make rapid advances in that country?

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

8. What is a drawback?

9. What is the significance of where the capital of a manufacturer resides?

10. What are the two ways a borrower can use borrowed stock?

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

The gross revenue of a great country includes the whole annual produce of their land and labor and their net revenue, calculated after deducting the expense of maintaining their fixed and circulating capital. Explain with examples how fixed capital is maintained and how this maintenance benefits revenue.

(see the answer keys)

This section contains 1,228 words (approx. 5 pages at 300 words per page) View a FREE sample