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

Multiple Choice Questions

1. How does annual consumption compare to annual spending?
(a) More is spent.
(b) There is no correlation.
(c) More is consumed.
(d) They are nearly the same.

2. What determines the ordinary market price of land?
(a) The ordinary market rate of product consumption.
(b) The ordinary market rate of interest.
(c) The ordinary market rate of gold.
(d) The ordinary market rate of corn.

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

4. What does an artificer who lives where there is either no uncultivated land, or none that can be had upon easy terms, do when he has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?
(a) He seeks to sell in distance towns.
(b) He reinvests his stock into his business.
(c) He invests his stock in more workmen
(d) He buys land for improvement.

5. What was prohibited from exportation in France until 1764?
(a) Silks.
(b) Wheat.
(c) Wine.
(d) Corn.

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

7. What goods are ordinarily prohibited from being imported to Britain?
(a) Foreign produce.
(b) Gold.
(c) Wines.
(d) Silks.

8. What was the mint price of eight Paris ounces of gold according to the edict of January 1726?
(a) Seven hundred and forty livres, nine sous, and one denier one-eleventh.
(b) Seven hundred and ten livres, nine sous, and one denier one-eleventh.
(c) Seven hundred and thirty livres, nine sous, and one denier one-eleventh.
(d) Seven hundred and twenty livres, nine sous, and one denier one-eleventh.

9. How are capitals diminished?
(a) By parsimony.
(b) By prodigality.
(c) By industry.
(d) By revenue.

10. When does the quantity of stock to be lent at interest grow?
(a) When production increases.
(b) When labor increases.
(c) When capital increases.
(d) When consumption increases.

11. How important is it that the merchant whose capital exports the surplus produce of any society be a native or a foreigner?
(a) It is of utmost importance.
(b) It is of little importance.
(c) It's importance depends on a number of factors.
(d) It is of no importance at all.

12. During the sixteenth century, who claimed all of America as its own?
(a) Great Britain.
(b) Spain.
(c) Holland.
(d) Portugal.

13. What was unserviceable for corn merchants, exporters, and importers?
(a) The bounty.
(b) Drawbacks.
(c) Subsidy pricing.
(d) Tax rebates.

14. What supplies the inhabitants of the town both with the materials of their work, and the means of their subsistence?
(a) Artificers.
(b) Raw materials.
(c) Commerce.
(d) Cultivation.

15. What kind of wine is not a European commodity?
(a) Madeira.
(b) Zinfadel.
(c) Merlot.
(d) Bordeaux.

Short Answer Questions

1. What does the proportion between capital and revenue regulate?

2. What gave Great Britain the monopoly of supplying the colonies with all the commodities of growth and manufacturing?

3. What happens when the quantity of silver increases?

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

5. How should revenue from public stock be supplemented?

(see the answer keys)

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