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ECON 2060 Exam Questions And Answers
100% Guaranteed Pass.
1 - Rule of 72 - Answer✔72/rate of growth per year = approx time to double
1 - Sustained Pop Growth Requires: - Answer✔modernization, relocation of workers,
industrializing
Mathus - geometric population form - Answer✔Wrong - High Birth Rate, Death Rate High,
Famines, DR = BR, Subsistance
Why Theory of Pop Expansion Wrong? - Answer✔Immense land available, faster growth of rate
of resources than population
Rate of Natural Increase - Answer✔RNI = BR - DR + (Net in-migration)
Birth Rate? PROX vs. ROOT - Answer✔PROX - M/F ratio, Age Structure, Proportion of
Women Married, Age at Marriage, Rate Marital fertility (women getting married younger, more
kids)
ROOT - wages higher, more resources per person, higher productivity, more land than labor,
more kids for labor
In-Migration, PUSH AND PULL - Answer✔PULL - high wages, land available, opportunity,
marriage
PUSH - religious freedom, escape from debt, political freedom
Chain Migration - Answer✔Come over, encourage others to as well
Ravenstein's Laws - Answer✔People who migrate are young, male, skilled, risk takers - society
may adapt quickly
Indentured Servants - Answer✔huge part of amercian labor force 17th century. signed contract,
free trip to america, employment, skills "freedom dues" would sign contract to come work for
period of time then be freed - usually male, young, strong, risk takers. GAIN FREE PASSAGE
Statute of Artificers and Apprentices - Answer✔7 years under apprenticeship - actual average
time in america, just under 5 years (18-22) short contracts, good labor, young, older, women,
longer contracts - negotiate for skilled labor
SLAVES - percent from 1630-1770 - Answer✔1.3 1630 - 11.1 1700 - 21.4 1770
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ECON 2060 Exam Questions And Answers
100% Guaranteed Pass.
1 - Rule of 72 - Answer✔72/rate of growth per year = approx time to double
1 - Sustained Pop Growth Requires: - Answer✔modernization, relocation of workers,
industrializing
Mathus - geometric population form - Answer✔Wrong - High Birth Rate, Death Rate High,
Famines, DR = BR, Subsistance
Why Theory of Pop Expansion Wrong? - Answer✔Immense land available, faster growth of rate
of resources than population
Rate of Natural Increase - Answer✔RNI = BR - DR + (Net in-migration)
Birth Rate? PROX vs. ROOT - Answer✔PROX - M/F ratio, Age Structure, Proportion of
Women Married, Age at Marriage, Rate Marital fertility (women getting married younger, more
kids)
ROOT - wages higher, more resources per person, higher productivity, more land than labor,
more kids for labor
In-Migration, PUSH AND PULL - Answer✔PULL - high wages, land available, opportunity,
marriage
PUSH - religious freedom, escape from debt, political freedom
Chain Migration - Answer✔Come over, encourage others to as well
Ravenstein's Laws - Answer✔People who migrate are young, male, skilled, risk takers - society
may adapt quickly
Indentured Servants - Answer✔huge part of amercian labor force 17th century. signed contract,
free trip to america, employment, skills "freedom dues" would sign contract to come work for
period of time then be freed - usually male, young, strong, risk takers. GAIN FREE PASSAGE
Statute of Artificers and Apprentices - Answer✔7 years under apprenticeship - actual average
time in america, just under 5 years (18-22) short contracts, good labor, young, older, women,
longer contracts - negotiate for skilled labor
SLAVES - percent from 1630-1770 - Answer✔1.3 1630 - 11.1 1700 - 21.4 1770
1|Page
