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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 is the real measure of the exchangeable value of all commodities?
2. What kind of rent is paid by a farmer?
3. According to the text, what does this saying describe: "Give me that which I want, and you shall have this which you want"?
4. In some measure, every man in a growing commercial society becomes what?
5. Which occupation requires a great town?
Short Essay Questions
1. Give one example of how a country workman is obliged to apply himself to all the different branches of industry that employ the same sort of materials.
2. How do fixed capital and circulating money resemble each other?
3. Why was the assaying of precious metals originally a problem?
4. In all countries, why are precious metals the preferred means of commerce?
5. Why do commercial nations use coins of different kinds of metals?
6. Why was the weighing of precious metals a problem with their use in their crude state?
7. Why is the division of labor not considered the effect of human wisdom?
8. Explain a farmer's fixed and circulating capital.
9. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?
10. What two advantages did the banking companies of Scotland gain by dealing only with men who had frequent and regular operations with them?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What knowledge and ready organizational systems do colonists carry with them to build a new colony? How does the abundance of land affect the colonists' knowledge and systems?
Essay Topic 2
"The increase and riches of commercial and manufacturing towns contributed to the improvement and cultivation of the countries to which they belonged in three different ways." Explain with examples the three ways mentioned in the quote above.
Essay Topic 3
Define and give examples for the two different meanings of the word 'value' as applied to use and exchange.
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This section contains 954 words (approx. 4 pages at 300 words per page) |
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