Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What are the three original sources of all revenue?
2. How many general types of fixed capital are there?
3. What kind of revenue remains free to a country after deducting the expense of maintaining their fixed circulating capital?
4. What does the author consider to be a wasteful use of gold?
5. What reduced the value of gold and silver in Europe in the 16th century?
Short Essay Questions
1. Using an example from the text, explain how the value of the most precious metal used for coinage regulates the value of coins made with a lesser metal.
2. What are the two ways in which a capital may be employed so as to yield a revenue or profit to its employer.
3. Why do commercial nations use coins of different kinds of metals?
4. 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?
5. What two advantages did the banking companies of Scotland gain by dealing only with men who had frequent and regular operations with them?
6. What two values does the workman add to manufactured materials?
7. Why is it difficult to determine the exchange value between two different kinds of labor?
8. In every society or neighborhood, how is the ordinary or average rate both of wages and profit regulated?
9. What is the difference between the real price of a commodity and the nominal price of a commodity?
10. What was the purpose of the first public stamps affixed to metals?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Explain with examples, the three reasons why laying extraordinary restraints upon particular countries with which the importation of goods of almost all kinds from balance of trade is not disadvantageous as supposed, but rather the results of national prejudice and animosity.
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
"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.
|
This section contains 1,094 words (approx. 4 pages at 300 words per page) |
|
