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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 is true of the capital employed in agriculture and in the retail trade of any society?
2. What are the two kinds of labor?
3. Sugar was originally an enumerated commodity which could be exported only to which country?
4. How does annual consumption compare to annual spending?
5. What kind of wine is not a European commodity?
Short Essay Questions
1. Define the original two kinds of militia.
2. How does a country fix the rate of interest on borrowed money so as to discourage usury?
3. Why do most men choose to employ their capitals in the improvement and cultivation of land?
4. What are the two ways a borrower can use borrowed stock?
5. What is the significance of where the capital of a manufacturer resides?
6. What is the principal cause for the rapid progress of the American colonies towards wealth?
7. What is a drawback?
8. According to the author, why do men prefer slave labor rather than the services of freemen?
9. How is the military an example of unproductive labor?
10. What is the difference between the two kinds of labor?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What knowledge and ready organizational systems do colonists carry with them to build a new colony? How does the abundance of land affect the colonists' knowledge and systems?
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
As explained in the text, compare and contrast the land-carriage of goods to the water-carriage of goods.
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This section contains 1,160 words (approx. 4 pages at 300 words per page) |
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