View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is the inherent nature of stock and credit?
(a) They are stable and renewable.
(b) They are unstable but renewable.
(c) They are unstable and perishable.
(d) They are stable and permanent.

2. What is the second part of capital use in every growing society?
(a) Inland commerce.
(b) Agriculture.
(c) Manufacturers.
(d) Foreign commerce.

3. What does the part of the annual production of the land and labor of any country which replaces a capital do?
(a) It replaces the needed materials of manufacturing.
(b) It pays the wages of productive labour.
(c) It pays the wages of unproductive labour.
(d) It restores the depleted stock.

4. St. Thomas and Santa Cruz are the only new world countries ever possessed by which country?
(a) Holland.
(b) Denmark.
(c) Germany.
(d) Sweden.

5. How are capitals increased?
(a) By prodigality.
(b) By misconduct.
(c) By parsimony.
(d) By industry.

6. What is the whole annual produce of the land and labor of every country used for?
(a) Stock and commerce.
(b) Manufacture and trade.
(c) Consumption and revenue.
(d) Tax and employment.

7. What did the council of Castile determine?
(a) To take possession of countries where there is the possibility of finding gold.
(b) To take possession of countries where the inhabitants desire a new government.
(c) To take possession of countries where the inhabitants are incapable of defending themselves.
(d) To take possession of countries where the inhabitants need to be converted to Christianity.

8. What bill was published by Alexander III in the 12th century?
(a) The forbidding of bringing more slaves into the country.
(b) The directive to bring more slaves into the country.
(c) The justification of slavery.
(d) The general emancipation of slaves.

9. What tends to discourage every industry in a given nation and enable foreign markets to undersell goods even in the home market?
(a) Fixed money prices of commodities.
(b) The rise in the money price of commodities.
(c) Government directed money prices of commodities.
(d) The fall in the money price of commodities.

10. In seeking for employment to a capital, what is preferred to foreign commerce?
(a) Inland merchandizing.
(b) Inland manufacturers.
(c) Domestic manufacturers.
(d) Domestic merchandizing.

11. Who established the French colony of St. Domingo?
(a) Freed slaves and bondmen.
(b) Merchants and traders.
(c) Pirates and freebooters.
(d) Farmers and fishermen.

12. During the twelve years of the reign of Queen Anne, what was the highest interest rate which could be taken for borrowed money?
(a) 6%.
(b) 3%.
(c) 4%.
(d) 5%.

13. Sugar was originally an enumerated commodity which could be exported only to which country?
(a) Jamaica.
(b) North America.
(c) Spain.
(d) Great Britain.

14. Where do a farmer's or manufacturer's profits come from?
(a) From what they produce.
(b) From their surplus.
(c) From their reserve.
(d) From their stock.

15. What does the proportion between capital and revenue regulate?
(a) The proportion between industry and idleness.
(b) The proportion between capital and money.
(c) The proportion between production and wages.
(d) The proportion between labor and manufacturing.

Short Answer Questions

1. What is an example of a mercantile project?

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

3. What happens to productive labor when the funds for maintaining it are increased?

4. In Great Britain, what is inserted into the annual land and malt taxes?

5. How are almost all loans made?

(see the answer keys)

This section contains 575 words (approx. 2 pages at 300 words per page) View a FREE sample