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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 causes the difference between a philosopher and a street porter?
2. What kind of capital is employed in the improvement of land and in the purchase of useful machines and instruments of trade?
3. What was the original price, the first purchase cost, for all things?
4. What year was the Bank of England allowed to enlarge its capital stock?
5. What encourages every man to apply himself to an occupation and cultivate whatever talent he may possess for that particular business?
Short Essay Questions
1. What two values does the workman add to manufactured materials?
2. Explain a farmer's fixed and circulating capital.
3. Why are circulating and fixed capital different for different occupations?
4. What are the two possible origins of the propensity to truck, barter, and exchange one thing for another?
5. Who or what is involved in the manufacture and sale of a woolen coat?
6. What would happen at the end of a war, if the enemy confiscated the gold upon which the losing country's paper money was based?
7. Why was the weighing of precious metals a problem with their use in their crude state?
8. How are the differences in men of different professions fostered?
9. How do fixed capital and circulating money resemble each other?
10. Why was the assaying of precious metals originally a problem?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
There are two different views concerning whether or not a nation in wealthy. One view says that money is the measure of wealth, while the other says movable goods are the measure. Compare and contrast these two points of view.
Essay Topic 2
Explain with examples how the discovery of a passage to the East Indies by the Cape of Good Hope opened an more extensive range to foreign commerce than even that of America.
Essay Topic 3
Explain with examples what happens to commerce in a society when gold and silver are devalued.
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This section contains 1,016 words (approx. 4 pages at 300 words per page) |
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