Econ 1740 Final Review || with A+ Guaranteed Solutions.
Which nation made the greatest commitment to establish permanent settlements in its
colonization strategy?
Spain
England
Portugal
France correct answers England
Which of the following phrases does not accurately describe a feature of the European economy
during the Renaissance period?
technological advances in navigation
the rise of nation-states
increased security of persons and property
declining population correct answers declining population
Suppose 10 workers jointly own and farm a piece of land. They all consume the farm's output in
equal shares. If one worker decides to shirk and cuts her labor effort by 50 percent:
her consumption will decrease by greater than 50 percent
her consumption will not change.
her consumption will decrease by 50 percent.
her consumption will decrease by less than 50 percent. correct answers her consumption will
decrease by less than 50 percent.
According to the text, studies of 18th century colonial demographics indicate that, compared to
Europe,
All of the above.
women in the colonies tended to marry later in life.
the child mortality rate in the colonies was lower.
average life expectancy for males in the colonies was lower.
the birthrate in the colonies was lower. correct answers the child mortality rate in the colonies
was lower
A nation practicing mercantilism aims to
establish an excess of exports over imports.
keep the government out of the economy.
reduce the size of the military sector.
balance imports with exports
replace gold and silver with paper money. correct answers establish an excess of exports over
imports
,Capital formation in the colonies was mostly due to
capital inflows from the English crown.
savings and investments from the colonists themselves.
capital inflows from English merchants.
capital inflows from international sources other than England. correct answers savings and
investments from the colonists themselves
According to data on Pennsylvania agriculture in the 18th century, increases in productivity were
primarily due to
increases in average farm size
increases in the amount of labor per farm.
increased mechanization.
increases in the capital-labor ratio. correct answers increases in the capital-labor ratio
Compared with the 19th century, during the colonial period technological changes that raised
output relative to inputs
remained minor and sporadic.
increased in the early part of the period, but fell off dramatically after 1643.
increased dramatically after 1643.
were slow and steady. correct answers remained minor and sporadic
The proliferation of the horse in the 17th century caused Great Plains Indians to
use smaller and more independent hunting groups.
engage in less tribal warfare.
kill fewer bison, but make more intensive use of the meat on the carcass.
increase their reliance on agricultural work correct answers use smaller and more independent
hunting groups
Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal
distribution of wealth?
Middle Colonies
New England.
South. correct answers South
Based on the research findings of David Galenson, Robert Heavner and others, what type of
person would you expect to negotiate an indenture contract of the longest duration?
a 13 year-old illiterate male who went to New York
a 22 year-old female weaver who went to Massachusetts
a 20 year-old male unskilled worker went to the West Indies
, a 21 year-old male blacksmith who went to the Pennsylvania correct answers a 13 year-old
illiterate male who went to New York
People from which nation were most likely to come to colonial North America as indentured
servants?
France
England
Germany
Liberia correct answers England
Jamestown's early years were marked by
a focus on futile "get rich quick" schemes.
extremely high mortality rates.
collective operations under which production methods and consumption were shared
All of these things characterized Jamestown.
lack of local control over production decisions. correct answers all of these things characterized
Jamestown
In colonial America, ____________ was/were especially scarce, while the supply of
_______________ was plentiful.
capital and labor; land
unskilled labor; skilled labor
land and capital; labor
land and labor; capital correct answers capital and labor; land
Colonial production of tobacco satisfied England's mercantilist interests because
its poor quality discouraged English youth from smoking.
it provided a good that could be taxed by the English.
it provided a substitute for imported Spanish tobacco.
it ensured that the colonists would remain dependent on England for food. correct answers it
provided a substitute for imported Spanish tobacco.
What was not true about the economy of the Middle Colonies?
The farms were generally smaller than those in the South.
Its main agricultural products were grains.
It was a net importer of food.
The crops did not have large economies of scale correct answers It was a net importer of food.
What was not true about the New England colonial economy?
It was the leading colonial shipping industry in the colonies.
, It was the most productive area in terms of agriculture.
It was the leading fishing industry in the colonies.
It was a net importer of food. correct answers It was the most productive area in terms of
agriculture.
In colonial Georgia,
the slave population assisted free colonists in defending the Florida border.
cotton plantations were flourishing by the early 1700s.
communal agriculture was successful.
slavery was initially prohibited. correct answers slavery was initially prohibited
All of the following statements accurately describe pre-1763 British colonial policy except:
England discouraged western settlements in an effort to reduce conflicts between colonists and
Native Americans.
English taxes imposed on colonists were much lower than the taxes imposed on English
residents.
England passed certain laws designed to reduce colonial production of goods that duplicated
popular English products.
Colonial governors and the Privy Council rarely used their veto power to overturn colonial laws.
correct answers England discouraged western settlements in an effort to reduce conflicts between
colonists and Native Americans.
One of the most important reasons for England's reasserting its authority over the colonial United
States prior to the Revolution is
the end of the Seven Years War.
England's commitment to mercantilism.
the end of the English Revolution.
the fall of Spain as a world power. correct answers the end of the Seven Years War.
All of the following are examples of "external taxes" except:
the Stamp Act
the Sugar Act
the Townshend Acts
the Molasses Act correct answers the Stamp Act
During the pre-Revolutionary period American colonists used their market power to rebel by
organizing nonimportation associations in response to taxes.
organizing powerful labor unions.
creating large manufacturing firms that competed with English manufacturers.
forming farming cartels that increased the prices of American agricultural exports. correct
answers organizing nonimportation associations in response to taxes.
Which nation made the greatest commitment to establish permanent settlements in its
colonization strategy?
Spain
England
Portugal
France correct answers England
Which of the following phrases does not accurately describe a feature of the European economy
during the Renaissance period?
technological advances in navigation
the rise of nation-states
increased security of persons and property
declining population correct answers declining population
Suppose 10 workers jointly own and farm a piece of land. They all consume the farm's output in
equal shares. If one worker decides to shirk and cuts her labor effort by 50 percent:
her consumption will decrease by greater than 50 percent
her consumption will not change.
her consumption will decrease by 50 percent.
her consumption will decrease by less than 50 percent. correct answers her consumption will
decrease by less than 50 percent.
According to the text, studies of 18th century colonial demographics indicate that, compared to
Europe,
All of the above.
women in the colonies tended to marry later in life.
the child mortality rate in the colonies was lower.
average life expectancy for males in the colonies was lower.
the birthrate in the colonies was lower. correct answers the child mortality rate in the colonies
was lower
A nation practicing mercantilism aims to
establish an excess of exports over imports.
keep the government out of the economy.
reduce the size of the military sector.
balance imports with exports
replace gold and silver with paper money. correct answers establish an excess of exports over
imports
,Capital formation in the colonies was mostly due to
capital inflows from the English crown.
savings and investments from the colonists themselves.
capital inflows from English merchants.
capital inflows from international sources other than England. correct answers savings and
investments from the colonists themselves
According to data on Pennsylvania agriculture in the 18th century, increases in productivity were
primarily due to
increases in average farm size
increases in the amount of labor per farm.
increased mechanization.
increases in the capital-labor ratio. correct answers increases in the capital-labor ratio
Compared with the 19th century, during the colonial period technological changes that raised
output relative to inputs
remained minor and sporadic.
increased in the early part of the period, but fell off dramatically after 1643.
increased dramatically after 1643.
were slow and steady. correct answers remained minor and sporadic
The proliferation of the horse in the 17th century caused Great Plains Indians to
use smaller and more independent hunting groups.
engage in less tribal warfare.
kill fewer bison, but make more intensive use of the meat on the carcass.
increase their reliance on agricultural work correct answers use smaller and more independent
hunting groups
Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal
distribution of wealth?
Middle Colonies
New England.
South. correct answers South
Based on the research findings of David Galenson, Robert Heavner and others, what type of
person would you expect to negotiate an indenture contract of the longest duration?
a 13 year-old illiterate male who went to New York
a 22 year-old female weaver who went to Massachusetts
a 20 year-old male unskilled worker went to the West Indies
, a 21 year-old male blacksmith who went to the Pennsylvania correct answers a 13 year-old
illiterate male who went to New York
People from which nation were most likely to come to colonial North America as indentured
servants?
France
England
Germany
Liberia correct answers England
Jamestown's early years were marked by
a focus on futile "get rich quick" schemes.
extremely high mortality rates.
collective operations under which production methods and consumption were shared
All of these things characterized Jamestown.
lack of local control over production decisions. correct answers all of these things characterized
Jamestown
In colonial America, ____________ was/were especially scarce, while the supply of
_______________ was plentiful.
capital and labor; land
unskilled labor; skilled labor
land and capital; labor
land and labor; capital correct answers capital and labor; land
Colonial production of tobacco satisfied England's mercantilist interests because
its poor quality discouraged English youth from smoking.
it provided a good that could be taxed by the English.
it provided a substitute for imported Spanish tobacco.
it ensured that the colonists would remain dependent on England for food. correct answers it
provided a substitute for imported Spanish tobacco.
What was not true about the economy of the Middle Colonies?
The farms were generally smaller than those in the South.
Its main agricultural products were grains.
It was a net importer of food.
The crops did not have large economies of scale correct answers It was a net importer of food.
What was not true about the New England colonial economy?
It was the leading colonial shipping industry in the colonies.
, It was the most productive area in terms of agriculture.
It was the leading fishing industry in the colonies.
It was a net importer of food. correct answers It was the most productive area in terms of
agriculture.
In colonial Georgia,
the slave population assisted free colonists in defending the Florida border.
cotton plantations were flourishing by the early 1700s.
communal agriculture was successful.
slavery was initially prohibited. correct answers slavery was initially prohibited
All of the following statements accurately describe pre-1763 British colonial policy except:
England discouraged western settlements in an effort to reduce conflicts between colonists and
Native Americans.
English taxes imposed on colonists were much lower than the taxes imposed on English
residents.
England passed certain laws designed to reduce colonial production of goods that duplicated
popular English products.
Colonial governors and the Privy Council rarely used their veto power to overturn colonial laws.
correct answers England discouraged western settlements in an effort to reduce conflicts between
colonists and Native Americans.
One of the most important reasons for England's reasserting its authority over the colonial United
States prior to the Revolution is
the end of the Seven Years War.
England's commitment to mercantilism.
the end of the English Revolution.
the fall of Spain as a world power. correct answers the end of the Seven Years War.
All of the following are examples of "external taxes" except:
the Stamp Act
the Sugar Act
the Townshend Acts
the Molasses Act correct answers the Stamp Act
During the pre-Revolutionary period American colonists used their market power to rebel by
organizing nonimportation associations in response to taxes.
organizing powerful labor unions.
creating large manufacturing firms that competed with English manufacturers.
forming farming cartels that increased the prices of American agricultural exports. correct
answers organizing nonimportation associations in response to taxes.
