CHAPTER 6
61. Bullionist restrictions in Spain (p. 58)
a. imposed severe penalties including death for exporting gold and silver.
b. were based upon the belief that a country should have the greatest possible amount of
precious metals.
c. were generally not very successful.
d. were copied by almost all of the countries of Europe.
e. all of the above.
62. Two antagonistic tendencies that are present in mercantilist thought are (p. 60)
a. paternalism and feudalism.
b. rationalism and individualism.
c. capitalism and socialism.
d. paternalism and individualism.
e. feudalism and socialism.
63. During the mercantilist period the state (p. 61)
a. replaced the church as the guardian of social welfare.
b. was increasingly dominated by the church.
c. sought to recreate a neo-feudalism.
d. usurped the power to tax the people.
e. none of the above.
64. The issue of unemployment p. 61
a. was ignored by the mercantilists.
b. divided the mercantilists into two camps.
c. was the unifying theme of most particular mercantilist policies.
d. was considered less important than the issue of inflation by most mercantilists.
e. was solved by the state becoming the employer of last resort.
65. The Statute of Artificers (1563) p. 62
a. illustrates the paternalistic nature of sixteenth century mercantilism.
b. established minimum wage rates.
c. eliminated the institution of apprenticeships.
d. granted monopolies to certain merchants involved in foreign trade.
e. all of the above.
66. The English poor laws p. 62
a. actually created most of the poverty that existed in England.
b.
c. outlawed begging.
d. helped to eliminate most poverty in England.
e. none of the above.
67. The philosophy of individualism believed that men p. 63
a. should all have equal wealth and income.
b.
c. were motivated only by self-seeking, egoistic concerns.
d. were innately superior to women.
e. needed to make their peace with God as individuals.
68. In the German peasant revolt, Martin Luther p. 64
a. condemned both sides for resorting to violence.
b. took the side of the nobility.
c. book the side of the peasants.
d. blamed the Catholic church for the hostilities.
e. was instrumental in restoring peace.
69. The Protestant stress on asceticism and frugality pp. 64 65
a. alienated most capitalists.
b. helped to rationalize the drab, bleak existence of most poverty-stricken workers.
c. helped to give religious sanction to profit-making and capital accumulation.
d. produced a narrow-mindedness from which we have yet to escape.
e. none of the above.
70. All mercantilists, early and late, shared the conviction that p. 64
a. the amassing of a fortune by business dealings is sinful.
b. people are basically greedy.
c. selfish behavior is sinful.
d. all people should be Protestants.
e. none of the above.
71. During the mercantilist period in England the individualistic doctrines of the Protestant
Church appealed most strongly to pp. 65 66
a. the aristocracy and gentry.
b. middle class artisans and merchants.
c. capitalists and workers.
d. sodomites and blasphemers.
e. all of the above.
72. The Protestant Ethic stressed the importance of pp. 64 65
a. hard work and personal peace with God.
b. prudence and thrift.
c. asceticism and abstemious frugality.
d. none of the above.
e. all of the above.
73. Sir Dudley North believed that capitalists p. 66
a. who pretend to use the government for the public good are really only pursuing their own
profit
b. should control the government because their business experience would make the
government more efficient.
c. have proven their superiority over workers and, hence, should be entrusted to control the
government.
d. all of the above.
e. none of the above.
74. Bernard de Mandeville, in The Fable of the Bees, argued that p. 66
a. capitalists are drones.
b. selfishness is really a social virtue.
c. cooperation, not competition, is the most effective way of getting things done.
d. frugality and hard work are the only roads to wealth.
e. none of the above.