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

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

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

4. At the time the book was written, what increased the price of gold exported from Spain and Portugal?
(a) More mines found.
(b) Gold from Peru.
(c) Smuggling.
(d) Depleted mines.

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

Short Answer Questions

1. Where do a farmer's or manufacturer's profits come from?

2. What is the second part of capital use in every growing society?

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

4. What is the old subsidy rule?

5. What is a borrower who uses his borrowed stock for immediate consumption?

Short Essay Questions

1. How does the capital of the wholesale merchant support the productive labor of society?

2. How does a country fix the rate of interest on borrowed money so as to discourage usury?

3. What were the consequences of the German and Scythian nations overrunning the western provinces of the Roman empire?

4. What are the two ways to impose land tax?

5. What is the first duty of the sovereign and how is it performed?

6. In the North American colonies, what does an artificer do who has acquired a little more stock than is necessary for carrying on his own business in supplying the neighboring country?

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

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

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

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

(see the answer keys)

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