First Principles of Political Economy, Concisely Presented for the Use of Classes in High Schools And Academies

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1. Ilkistrate tlie relation of consumption to production In a particular instance.
2. Are all men producers ? Are all consumers ?
INVOLUNTARY CONSUMPTION. 49 3. Illustrate the definition of consumption by the ordi- nary expenses of a family.
4. Can you think of any gratification which can he attained witliout some destruction of value ?
5. When a barrel of flour is made into bread, what is consumed ?
6. When the bread is eaten, what other consumption takes place ?
7. When a manufactory stands i
...dle for six months, what kind of consumption is involved ?
8. Why is it good economy for a farmer to keep his tools and machines under cover when not in use ?
9. The burning of Chicago created a great demand for labor and materials for rebuilding : was the loss occasioned by the fire thereby diminished ?
10. A ship and cargo, worth together half a million dol- lars, were totally wrecked at sea; but thirty days after- ward insurance amounting to four-fifths of their value was paid to the owners. What was the total destruction Df value involved, and on whom did the loss fall ?


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