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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. Before the American Revolution, what monopoly did Britain hold in Maryland and Virginia?

2. What is true of the capital employed in agriculture and in the retail trade of any society?

3. According to the author why, two or three centuries before, were his British ancestors mostly idle concerning industry?

4. What bill was published by Alexander III in the 12th century?

5. In Great Britain, what is inserted into the annual land and malt taxes?

Short Essay Questions

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

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

3. Why would the proprietor of a colonist's land not dispute over wages, and indeed pay high wages?

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

5. The whole annual produce of the land and labor of every country, which comes either from the ground, or from the hands of the productive laborers, is divided into what two parts?

6. How is the interest rate for borrowed money determined?

7. What are the four general maxims regarding taxes?

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

9. What are the three ways capital is used in the natural growth of a new society?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

"When a nation binds itself by treaty either to permit the entry of certain goods from one foreign country which it prohibits from all others, or to exempt the goods of one country from duties to which it subjects those of all others, the country, or at least the merchants and manufacturers of the country, whose commerce is so favored, must necessarily derive great advantage from the treaty." Explain with examples, how treaties, though they may be advantageous to the merchants and manufacturers of the favored, are necessarily disadvantageous to those of the favoring country.

Essay Topic 2

With specific examples, compare and contrast the forms of defense among these different societies - 1. a nation of hunters; 2. a nation of shepherds; 3. a nation of husbandmen with no foreign commerce or manufacture.

Essay Topic 3

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

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This section contains 1,124 words (approx. 4 pages at 300 words per page) View a FREE sample