View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Which Mediterranean country seems to have been the first in which either agriculture or manufacturers were cultivated and improved to any considerable degree?

2. What is the real price of a thing a person wants?

3. How many general types of circulating capital are there?

4. What is the common instrument of commerce and exchanges in Virginia?

5. In the ancient world, what was considered a most wonderful and dangerous exploit of navigation?

Short Essay Questions

1. Why did the first recorded civilizations dwell on the coast of the Mediterranean Sea?

2. How does private property change the land of any country?

3. Give an example of one kind of job which requires a great town.

4. Why is it difficult to determine the exchange value between two different kinds of labor?

5. Why do commercial nations use coins of different kinds of metals?

6. Who or what is involved in the manufacture and sale of a woolen coat?

7. Why is the division of labor not considered the effect of human wisdom?

8. How do fixed capital and circulating money resemble each other?

9. How are the differences in men of different professions fostered?

10. 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?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain with examples, why bounties ought to be given only to those branches of trade which cannot be carried on without them.

Essay Topic 2

Define and give examples for the two kinds of stock a workman may possess. Explain and give examples for the three ways stock is used for personal consumption.

Essay Topic 3

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.

(see the answer keys)

This section contains 1,027 words (approx. 4 pages at 300 words per page) View a FREE sample