Practice Test Questions
Ch) 1
Economic History
1)Nobel laureate Robert Fogel contends that which of the- following are good proxies for current levels of
nutrition?
a)Changes in height during the- growing years
b)Total height
c)Total weight
d)Changes in weight during the- growing years
ANS: a)Changes in height during the- growing years
2)Which of the- following most accurately describes world population growth?
a)World population has increased steadily during the- past 6,000 years)
b)World population has exhibited significant cyclical patterns of growth and decline.
c)World population was relatively small until 1750, when it increased extremely rapidly)
d)World population was small until after World War II, when it increased very quickly)
ANS: c)World population was relatively small until 1750, when it increased extremely rapidly.
3)Which of the- following most accurately describes changes in life expectancy?
a)Life expectancy was relatively low until 1750, when it increased extremely rapidly)
b)Life expectancy has increased steadily during the- past 6,000 years)
c)Life expectancy was low until after World War II, when it increased very quickly.
d)Life expectancy has exhibited significant cyclical patterns of growth and decline.
ANS: a)Life expectancy was relatively small until 1750, when it increased extremely rapidly.
1
,Practice Test Questions
4)Per capita GDP in the- US during the- 20th century _____)
a)has remained about the- same)
b)increased until about 1970 and decreased since the- n)
c)was cyclical, but generally trending upward throughout the- century)
d)grew very quickly for the- first half of the- century and grew at a much lower rate in the- second half
of the- century)
ANS: c)was cyclical, but generally trending upward throughout the- century.
5)Which is true about present day Americans who are at the- official poverty level?
a)The- ir incomes are about the- same as those at the- poverty level in 1950.
b)The- ir incomes are higher than all but the- richest Americans in 1900.
c)The- ir incomes are about the- same as those at the- poverty level in 1900.
d)The- ir incomes are about the- same as those in the- middle class in 1950.
ANS: b)The- ir incomes are higher than all but the- richest Americans in 1900.
6)Which is true about present day Americans who are at the- official poverty level?
a)The- ir incomes are about the- same as the- average world income.
b)The- ir incomes are about half of the- average world income)
c)The- ir incomes are above the- world average per capita income.
d)The- ir incomes are about the- average income of people in nations like China, India and Pakistan)
ANS: c)The- ir incomes are above the- world average per capita income.
7)Which of the- following is most accurate about ownership of household goods, such as flush toilets,
refrigerators, televisions, clothe- s dryers and automobiles?
a)Very few Americans at the- poverty level in 2005 own the- se goods.
b)Americans at the- poverty level in 2005 own the- se goods at about the- same rate as average
households in 1950.
2
,Practice Test Questions
c)Americans at the- poverty level in 2005 own the- se goods at higher rates than average households
in 1950.
d)Americans at the- poverty level in 2005 own the- se goods at about half the- rate as average
households in 1950.
ANS: c)Americans at the- poverty level in 2005 own the- se goods at higher rates than average households in
1950.
8)Which is most accurate about those who were in the- bottom fifth of the- income distribution in 1975?
a)In 1991, about 85% of the- m were still in the- bottom fifth of the- income distribution)
b)In 1991, about 50% were still in the- bottom fifth of the- income distribution.
c)In 1991, about 25% were in the- bottom fifth and anothe- r 25% were in the- second poorest group.
d)In 1991, about 30% were in the- richest fifth and anothe- r 30% were in the- second richest group)
ANS: d)In 1991, about 30% were in the- richest fifth and anothe- r 30% were in the- second richest group.
9)Which most accurately describes U.S)GDP from 1900 to 2007 (in 2000 constant dollars)?
a)U.S)GDP per capita decreased much more rapidly than prices)
b)U.S)GDP per capita has held constant.
c)U.S)GDP per capita has increased by nearly twofold.)
d)U.S)GDP per capita has increased by nearly eightfold..
ANS: d)U.S)GDP per capita has increased by nearly eightfold.
10)In August 1971, President Nixon implemented price and wage controls to combat inflation)What best
describes our experience with the- se price controls?
a)Inflation remained about the- same for many years)
b)When the- controls were implemented prices were decreasing, and within 3 years inflation increased
dramatically and was about twice as high as it had been before the- controls)
c)Prices had increased rapidly before the- controls were implemented, and the- y decreased rapidly in
the- years after the- controls)
ANS: b)When the- controls were implemented, prices were decreasing, and within 3 years inflation increased
dramatically and was about twice as high as it had been before the- controls.
3
, Practice Test Questions
4
Ch) 1
Economic History
1)Nobel laureate Robert Fogel contends that which of the- following are good proxies for current levels of
nutrition?
a)Changes in height during the- growing years
b)Total height
c)Total weight
d)Changes in weight during the- growing years
ANS: a)Changes in height during the- growing years
2)Which of the- following most accurately describes world population growth?
a)World population has increased steadily during the- past 6,000 years)
b)World population has exhibited significant cyclical patterns of growth and decline.
c)World population was relatively small until 1750, when it increased extremely rapidly)
d)World population was small until after World War II, when it increased very quickly)
ANS: c)World population was relatively small until 1750, when it increased extremely rapidly.
3)Which of the- following most accurately describes changes in life expectancy?
a)Life expectancy was relatively low until 1750, when it increased extremely rapidly)
b)Life expectancy has increased steadily during the- past 6,000 years)
c)Life expectancy was low until after World War II, when it increased very quickly.
d)Life expectancy has exhibited significant cyclical patterns of growth and decline.
ANS: a)Life expectancy was relatively small until 1750, when it increased extremely rapidly.
1
,Practice Test Questions
4)Per capita GDP in the- US during the- 20th century _____)
a)has remained about the- same)
b)increased until about 1970 and decreased since the- n)
c)was cyclical, but generally trending upward throughout the- century)
d)grew very quickly for the- first half of the- century and grew at a much lower rate in the- second half
of the- century)
ANS: c)was cyclical, but generally trending upward throughout the- century.
5)Which is true about present day Americans who are at the- official poverty level?
a)The- ir incomes are about the- same as those at the- poverty level in 1950.
b)The- ir incomes are higher than all but the- richest Americans in 1900.
c)The- ir incomes are about the- same as those at the- poverty level in 1900.
d)The- ir incomes are about the- same as those in the- middle class in 1950.
ANS: b)The- ir incomes are higher than all but the- richest Americans in 1900.
6)Which is true about present day Americans who are at the- official poverty level?
a)The- ir incomes are about the- same as the- average world income.
b)The- ir incomes are about half of the- average world income)
c)The- ir incomes are above the- world average per capita income.
d)The- ir incomes are about the- average income of people in nations like China, India and Pakistan)
ANS: c)The- ir incomes are above the- world average per capita income.
7)Which of the- following is most accurate about ownership of household goods, such as flush toilets,
refrigerators, televisions, clothe- s dryers and automobiles?
a)Very few Americans at the- poverty level in 2005 own the- se goods.
b)Americans at the- poverty level in 2005 own the- se goods at about the- same rate as average
households in 1950.
2
,Practice Test Questions
c)Americans at the- poverty level in 2005 own the- se goods at higher rates than average households
in 1950.
d)Americans at the- poverty level in 2005 own the- se goods at about half the- rate as average
households in 1950.
ANS: c)Americans at the- poverty level in 2005 own the- se goods at higher rates than average households in
1950.
8)Which is most accurate about those who were in the- bottom fifth of the- income distribution in 1975?
a)In 1991, about 85% of the- m were still in the- bottom fifth of the- income distribution)
b)In 1991, about 50% were still in the- bottom fifth of the- income distribution.
c)In 1991, about 25% were in the- bottom fifth and anothe- r 25% were in the- second poorest group.
d)In 1991, about 30% were in the- richest fifth and anothe- r 30% were in the- second richest group)
ANS: d)In 1991, about 30% were in the- richest fifth and anothe- r 30% were in the- second richest group.
9)Which most accurately describes U.S)GDP from 1900 to 2007 (in 2000 constant dollars)?
a)U.S)GDP per capita decreased much more rapidly than prices)
b)U.S)GDP per capita has held constant.
c)U.S)GDP per capita has increased by nearly twofold.)
d)U.S)GDP per capita has increased by nearly eightfold..
ANS: d)U.S)GDP per capita has increased by nearly eightfold.
10)In August 1971, President Nixon implemented price and wage controls to combat inflation)What best
describes our experience with the- se price controls?
a)Inflation remained about the- same for many years)
b)When the- controls were implemented prices were decreasing, and within 3 years inflation increased
dramatically and was about twice as high as it had been before the- controls)
c)Prices had increased rapidly before the- controls were implemented, and the- y decreased rapidly in
the- years after the- controls)
ANS: b)When the- controls were implemented, prices were decreasing, and within 3 years inflation increased
dramatically and was about twice as high as it had been before the- controls.
3
, Practice Test Questions
4
