Exam 1: Overseas Empire

The children of indentured females were not the property of the master or owner of the indentured servant.This was an important difference between indentured servants and slaves.

Which of the following was the most successful attempt to establish a colony with the longest and most sustainable future,according to Hughes and Cain (2011)?

All but which of the following people supplied labor in colonial America?

Adam Smith (1776)claimed that less governmental regulation,not more,would provide incentives for individuals to allocate resources efficiently,specialize and trade.Specialization and trade would generate wealth and result in economic growth and development.

A study of American economic history excludes a study of which of the following?

Explain how increases in agricultural surplus production frequently led to increases in consumption and savings in pre-colonial households.Hold all other economic,political and social factors constant.

The European subjugation or displacement of Native Americans from their lands

Important sources of conflict in colonial America include conflicts between all of the following except

With regard to the subject matter of American economic history,Hughes and Cain (2011)suggest that

What was the typical policy of the British colonies toward the practice of "squatting" or freely settling and cultivating the land without any formal transfer of ownership?

Indentured servants were white colonists who sold themselves into slavery when their farms in America failed.

Today's corporate structures have very little in common with the joint-stock companies of colonial America.

The American colonies have a rich and deep history in international trade and immigration.

Discuss the economic roles of colonial entrepôts.

After 1616, Virginia shifted more and more scarce resources out of food production and into tobacco production. Hence, the economic cost of tobacco production included the sacrifice of food production.

Secured and enforced individual property rights provide individuals with incentive to allocate resources efficiently and effectively,advance technologically,take on strategic risks and trade domestically and internationally.

What do the foreign leaders investing in the industrial enclaves of developing countries of today have in common with those foreign investors who helped colonize North America?

Squatters were considered pioneers or land entrepreneurs by many of the people in

According to Douglass North (1981,1993), to knowledgeably understand our present economy or to strategically speculate about its future,it is important to "explain the structure and performance of economies through time."

With regard to indentured servitude,