Question 1

Between 1620 and 1710,the price of tobacco in the colonies

Accepted Answer

A) rose rapidly. 
B) remained fairly stable due to monopolistic competition. 
C) fell from over 20 pence sterling to roughly one pence per pound. 
D) fell from over 20 pence sterling to roughly 10 pence per pound. 
A) rose rapidly. 
B) remained fairly stable due to monopolistic competition. 
C) fell from over 20 pence sterling to roughly one pence per pound. 
D) fell from over 20 pence sterling to roughly 10 pence per pound.

Question 2

The smallest productivity gains from colonial shipping were from

Accepted Answer

A) shorter layover times in ports. 
B) lower insurance rates. 
C) the increased speed of the ships. 
D) fewer wars. 
A) shorter layover times in ports. 
B) lower insurance rates. 
C) the increased speed of the ships. 
D) fewer wars.

Question 3

What best describes the economic standing of the colonies on the eve of the Revolution?

Accepted Answer

A) The colonies were one of the richest nations in the world and had little income inequality because of the many opportunities that existed. 
B) The colonies were in the middle of nations in terms of per capita income and had little income inequality. 
C) The colonies were one of the richest nations in the world and had a significant amount of income inequality. 
D) The colonies were in the middle of nations in terms of per capita income and had a significant amount of income inequality. 
A) The colonies were one of the richest nations in the world and had little income inequality because of the many opportunities that existed. 
B) The colonies were in the middle of nations in terms of per capita income and had little income inequality. 
C) The colonies were one of the richest nations in the world and had a significant amount of income inequality. 
D) The colonies were in the middle of nations in terms of per capita income and had a significant amount of income inequality.

Question 4

On the eve of the Revolution,the quality of life in the colonies

Accepted Answer

A) was comparable to that of third-world countries today. 
B) compared favorably with that of other countries during the same period. 
C) had reached a level that would not be achieved again until the late 19ᵗʰ century. 
D) was declining. 
A) was comparable to that of third-world countries today. 
B) compared favorably with that of other countries during the same period. 
C) had reached a level that would not be achieved again until the late 19ᵗʰ century. 
D) was declining.

Between 1620 and 1710,the price of tobacco in the colonies

The smallest productivity gains from colonial shipping were from

What best describes the economic standing of the colonies on the eve of the Revolution?

On the eve of the Revolution,the quality of life in the colonies

Economic History

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Western Movements

Transportation and Market Growth

Market Expansion Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum ERA

Commerce at Home and Abroad

Mobilizing for War

The Roaring Twenties

The Great Depression

The New Deal

World War II

The Changing Role of the Federal Government

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

Exam 5: Economic Progress and Wealth

Between 1620 and 1710,the price of tobacco in the colonies

The smallest productivity gains from colonial shipping were from

What best describes the economic standing of the colonies on the eve of the Revolution?

On the eve of the Revolution,the quality of life in the colonies

Economic History

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Western Movements

Transportation and Market Growth

Market Expansion Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum ERA

Commerce at Home and Abroad

Mobilizing for War

The Roaring Twenties

The Great Depression

The New Deal

World War II

The Changing Role of the Federal Government

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters