1. Is it bad policy to let the people of Palo Alto spend money in San
Francisco for things that could be produced at home?
2. Pensions are defended as putting money in circulation. Is this like
any tariff arguments you have heard?
3. Is it bad policy for California to buy New England manufactures?
4. If there were no legal bar to a tariff between the states, would a
tariff probably be imposed? If so, would it be a wise measure?
5. A nation with _n_ dollars in circulation has to pay a war indemnity
of _n_ dollars to another country having the same circulation, how much
money will each then have, and what will be the effect on prices,
foreign trade, rate of exchange? (From Davenport.)
6. If large shipments of wheat are made to England, will bills of
exchange on London be higher or lower in New York?
7. What effect on exchange has the holding of American bonds abroad?