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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 does a North American colonial artificer do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?
3. What did the council of Castile determine?
4. What is not an example of unproductive labor?
5. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?
Short Essay Questions
1. What is the significance of where the capital of a manufacturer resides?
2. What is necessary for commerce and manufacturing to flourish in a nation?
3. How has the natural order of growth been inverted in some of the the modern states of Europe?
4. How does a country fix the rate of interest on borrowed money so as to discourage usury?
5. Why do most men choose to employ their capitals in the improvement and cultivation of land?
6. What are the three ways capital is used in the natural growth of a new society?
7. What are the two ways to impose land tax?
8. Why does want of parsimony in time of peace necessitate the contracting of debt in time of war?
9. How does the capital of a retailer and manufacturer differ?
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
"Though all capitals are destined for the maintenance of productive labor only, yet the quantity of that labor which equal capitals are capable of putting into motion varies extremely according to the diversity of their employment." Explain and give examples of the four different ways that capital can be employed and tell why these four ways are absolutely necessary.
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
Explain with examples how restraining, high duties, or absolute prohibitions on the importation of foreign goods that can be produced at home secure a domestic monopoly.
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This section contains 1,205 words (approx. 5 pages at 300 words per page) |
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