1. Name two ways in which trade between nations stimulates production.
2. Is the exchange of goods a part of their production? Explain. (Chp. 5)
3. How does the “middleman” enable us to have greater economy in the production of wealth? (Chp. 5)
4. How does Henry George characterize the difference between producers and non-producers? (Chp. 5)
5. What was the original purpose of tariffs? (Chp. 6)
6. What are the advantages and disadvantages of indirect taxation? (Chp. 6)
7. On what class of people does indirect taxation bear most heavily? (Chp. 6)
8. How does indirect taxation affect small business? (Chp. 6)
9. How do the advocates of protection claim that tariffs will encourage home industry? (Chp. 7)
10. What is the difference between a protective tariff and a bounty system? (Chp. 7)
11. Why would a bounty, or subsidy, be the best method of providing public encouragement to a particular industry? (Chp. 8)
12. What two positions must be examined in answering the question of whether protection encourages industry” (Chp. 8)
