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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. Where does the town gain its wealth and subsistence from?

2. How does annual consumption compare to annual spending?

3. Where is the wool of southern Scotland manufactured?

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

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

Short Essay Questions

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

2. How is unproductive labor maintained by revenue?

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

4. 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?

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

6. What is the first duty of the sovereign and how is it performed?

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

8. How is the military an example of unproductive labor?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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.

Essay Topic 2

Explain with examples how the discovery of a passage to the East Indies by the Cape of Good Hope opened an more extensive range to foreign commerce than even that of America.

Essay Topic 3

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?

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This section contains 998 words (approx. 4 pages at 300 words per page) View a FREE sample