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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. How should revenue from public stock be supplemented?
(a) By selling the stock.
(b) By taxing land owners.
(c) By taxing the people.
(d) By selling commodities.

2. What is the name of a species of farmers in France who succeeded the slave cultivators of ancient times?
(a) Milayers.
(b) Metayers.
(c) Mamtroers.
(d) Motrammers.

3. What has increased in countries where interest on borrowed money has been prohibited by law?
(a) Money is borrowed from other countries.
(b) Usury has increased.
(c) Industry does not grow.
(d) Capital is stagnant.

4. What is true of both a farm and a retail trade?
(a) Each are suspectible to interest rates.
(b) Each are a mobile business.
(c) Each must invest their fixed capital.
(d) Each are confined to a precise spot.

5. Where does vanity almost always lead?
(a) To parismony.
(b) To poverty.
(c) To superiority.
(d) To extravangance.

Short Answer Questions

1. What was the common rate of interest on borrowing through the greater part of Europe before the discovery of the West Indies?

2. Who besides productive and unproductive laborers are all equally maintained by the annual produce of the land and labor of the country?

3. What kind of wine is not a European commodity?

4. What is the whole annual produce of the land and labor of every country used for?

5. Why isn't the wool of southern Scotland manufactured there?

Short Essay Questions

1. How is unproductive labor maintained by revenue?

2. How is the interest rate for borrowed money determined?

3. What happens when a country forbids collecting interest on borrowed money?

4. Define the original two kinds of militia.

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

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

7. How has the natural order of growth been inverted in some of the the modern states of Europe?

8. What are the four general maxims regarding taxes?

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

10. What are bounties?

(see the answer keys)

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