TEST BANK__Economics 12th Edition by Stephen Slavin , ISBN: 9781260570229 |All Chapters Included| Guide A+

TEST BANK
Economics

Stephen Slavin

12th Edition
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,Chapter 01 A Brief Economic History of the United States
(ANSWERS AT THE END OF THIS DOCUMENT)

1) The Social Security program began during the administration of


A) Franklin D. Roosevelt.
B) Harry S. Truman.
C) Dwight D. Eisenhower.
D) John F. Kennedy.



Question Details
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AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Describe the effect of the Great Depression on our economy and evaluate the New Deal
measures to bring about recovery.
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2) During the 19th century, the great abundance of land compared to the availability of labor
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A) attracted millions of immigrants.
B) encouraged early marriage and large families.
C) encouraged rapid technological development.
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D) All of these are true.
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Question Details
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Summarize America's economic development in the 19th century.



3) Which of the following is true?




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, A) The Japanese rebuilt their economy after World War II by selling its goods to their
own rapidly growing population.
B) Slow U.S. population growth in the 19th century forced American farmers and
manufacturers to seek foreign markets to propel its rapid economic growth.
C) The Japanese rebuilt their economy after World War II by targeting the large U.S.
market, while their own market remained largely closed to U.S. manufactured goods.
D) America's rapid population growth in the 19th century slowed its economic growth
rate.



Question Details
AACSB: Reflective Thinking
PR
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-03 Discuss the impact of World War II on our economy.
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4) The completion of the American national railroad network in the second half of the 19th
century led to all of the following EXCEPT
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A) enabling manufacturers to sell their products all over the country.
B) mass consumption.
C) increased prices of goods sold, which led to more investments and more jobs.
D) higher wages.
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Question Details
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Summarize America's economic development in the 19th century.



5) The periodic post–World War II economic downturns have been termed




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, A) recessions.
B) depressions.
C) prosperities.
D) expansions.



Question Details
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-03 Discuss the impact of World War II on our economy.
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6) The boom in 20th-century output following World War I is known as


A) the age of agriculture.
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B) the Civil War effect.
C) the Roaring Twenties.
D) the Great Depression.
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Question Details
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
O
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-03 Discuss the impact of World War II on our economy.
C

7) Between 1939 and 1944 the U.S. national output


A) remained the same.
B) nearly doubled.
C) nearly tripled.
D) nearly quadrupled.




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