Econ 1740 test 2. || with 100% Errorless Solutions.
Which region in the New World received the largest share of slaves brought to the New World?
a. Brazil
b. Colonial America
c. Cuba
d. Canada correct answers Brazil
2. The majority of slaves that were brought to the New World during the colonial period were
used in the production of:
a. cotton.
b. sugar.
c. tobacco.
d. rice. correct answers sugar
3. By 1825, what area in the New World had the greatest portion of slaves?
a. Spanish colonies
b. The West Indies
c. The United States
d. Brazil correct answers The United States
4. With the adoption of the U.S. Constitution in 1787,
a. importation of slaves was made illegal.
b. importation of slaves was allowed, but only for the next 20 years.
c. importation of slaves from the Caribbean was prohibited, but importation of African slaves
was allowed.
d. importation of slaves was allowed only on federally-approved vessels that met minimum crew
sizes. correct answers b. importation of slaves was allowed, but only for the next 20 years.
By 1850, the single largest U. S. commodity export (in terms of value) was
a. iron railroad tracks.
b. wheat.
c. cotton.
d. slaves. correct answers C. Cotton
"Economic exploitation" is measured by
a. the sum of all input costs, both direct and indirect.
b. the difference between the value of output a worker adds and what she receives.
c. the difference between a monopoly's profit and the profit of a competitive firm.
d. the average wage of a skilled worker divided by the average wage of an unskilled worker.
correct answers b. the difference between the value of output a worker adds and what she
receives.
Most current economic historians believe that
a. slavery was profitable and viable.
b. slavery would have eventually ended due to its inherent unprofitability.
, c. slavery was economically inefficient.
d. free labor was more productive than slave labor. correct answers a. slavery was profitable and
viable
In 1860, the total value of U.S. slaves was
a. greater than GNP.
b. about $3 billion.
c. greater than $10 billion.
d. about $1 billion. correct answers b. about $3 billion.
The break-up of slave families was most often due to
a. the sale of fathers.
b. the sale of mothers.
c. the sale of children.
d. divorce. correct answers c. the sale of children
In terms of manpower needed to fight the Civil War, the South was disadvantaged by
a. a smaller total population of military-aged males than the North.
b. limited support from free, white males in border states.
c. a population that included over 1 million military-aged slaves who could not be used for direct
combat.
d. the fact that some of its manpower had to be used to repress the slave labor force.
e. All of the above. correct answers e. All of the above
Which of the following methods of generating federal government revenue was first introduced
during the Civil War?
a. the personal income tax
b. inflationary finance
c. import tariffs
d. bond sales correct answers a. the personal income tax
What best describes changes in per capita output between 1860-1880?
a. The South experienced both an absolute reduction and a reduction relative to the North.
b. Both the North and South grew, but the North grew faster than the South.
c. The North and South both suffered absolute decreases.
d. The South and the North grew and the South grew faster than the North. correct answers a.
The South experienced both an absolute reduction and a reduction relative to the North.
What caused the dramatic reversal in relative economic positions of the North and South after
the Civil War?
a. economic advances in the north and midwest
b. technological advances in New England industries
c. increases in Northern exports to Europe
d. decline in southern output correct answers d. decline in southern output
Which region in the New World received the largest share of slaves brought to the New World?
a. Brazil
b. Colonial America
c. Cuba
d. Canada correct answers Brazil
2. The majority of slaves that were brought to the New World during the colonial period were
used in the production of:
a. cotton.
b. sugar.
c. tobacco.
d. rice. correct answers sugar
3. By 1825, what area in the New World had the greatest portion of slaves?
a. Spanish colonies
b. The West Indies
c. The United States
d. Brazil correct answers The United States
4. With the adoption of the U.S. Constitution in 1787,
a. importation of slaves was made illegal.
b. importation of slaves was allowed, but only for the next 20 years.
c. importation of slaves from the Caribbean was prohibited, but importation of African slaves
was allowed.
d. importation of slaves was allowed only on federally-approved vessels that met minimum crew
sizes. correct answers b. importation of slaves was allowed, but only for the next 20 years.
By 1850, the single largest U. S. commodity export (in terms of value) was
a. iron railroad tracks.
b. wheat.
c. cotton.
d. slaves. correct answers C. Cotton
"Economic exploitation" is measured by
a. the sum of all input costs, both direct and indirect.
b. the difference between the value of output a worker adds and what she receives.
c. the difference between a monopoly's profit and the profit of a competitive firm.
d. the average wage of a skilled worker divided by the average wage of an unskilled worker.
correct answers b. the difference between the value of output a worker adds and what she
receives.
Most current economic historians believe that
a. slavery was profitable and viable.
b. slavery would have eventually ended due to its inherent unprofitability.
, c. slavery was economically inefficient.
d. free labor was more productive than slave labor. correct answers a. slavery was profitable and
viable
In 1860, the total value of U.S. slaves was
a. greater than GNP.
b. about $3 billion.
c. greater than $10 billion.
d. about $1 billion. correct answers b. about $3 billion.
The break-up of slave families was most often due to
a. the sale of fathers.
b. the sale of mothers.
c. the sale of children.
d. divorce. correct answers c. the sale of children
In terms of manpower needed to fight the Civil War, the South was disadvantaged by
a. a smaller total population of military-aged males than the North.
b. limited support from free, white males in border states.
c. a population that included over 1 million military-aged slaves who could not be used for direct
combat.
d. the fact that some of its manpower had to be used to repress the slave labor force.
e. All of the above. correct answers e. All of the above
Which of the following methods of generating federal government revenue was first introduced
during the Civil War?
a. the personal income tax
b. inflationary finance
c. import tariffs
d. bond sales correct answers a. the personal income tax
What best describes changes in per capita output between 1860-1880?
a. The South experienced both an absolute reduction and a reduction relative to the North.
b. Both the North and South grew, but the North grew faster than the South.
c. The North and South both suffered absolute decreases.
d. The South and the North grew and the South grew faster than the North. correct answers a.
The South experienced both an absolute reduction and a reduction relative to the North.
What caused the dramatic reversal in relative economic positions of the North and South after
the Civil War?
a. economic advances in the north and midwest
b. technological advances in New England industries
c. increases in Northern exports to Europe
d. decline in southern output correct answers d. decline in southern output
