Question 1

Which of the following most accurately describes changes in life expectancy?

Accepted Answer

A)  Life expectancy was relatively low until 1750,when it increased extremely rapidly.
B)  Life expectancy has increased steadily during the past 6,000 years.
C)  Life expectancy was low until after World War II,when it increased very quickly.
D)  Life expectancy has exhibited significant cyclical patterns of growth and decline.E) None of the above
F) All of the above

Question 2

In August 1971,President Nixon implemented price and wage controls to combat inflation.What best describes our experience with these price controls?

Accepted Answer

A)  Inflation remained about the same for many years.
B)  When the controls were implemented prices were decreasing,and within 3 years inflation increased dramatically and was about twice as high as it had been before the controls.
C)  Prices had increased rapidly before the controls were implemented,and they decreased rapidly in the years after the controls.D) A) and B)
E) A) and C) B

Question 3

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Accepted Answer

A)  Changes in height during the growing years
B)  Total height
C)  Total weight
D)  Changes in weight during the growing yearsE) A) and B)
F) A) and C) A

Question 4

Per capita GDP in the US during the 20ᵗʰ century _____.

Accepted Answer

A)  has remained about the same.
B)  increased until about 1970 and decreased since then.
C)  was cyclical,but generally trending upward throughout the century.
D)  grew very quickly for the first half of the century and grew at a much lower rate in the second half of the century.E) B) and D)
F) A) and B)

Question 5

Which of the following is most accurate about ownership of household goods,such as flush toilets,refrigerators,televisions,clothes dryers and automobiles?

Accepted Answer

A)  Very few Americans at the poverty level in 2005 own these goods.
B)  Americans at the poverty level in 2005 own these goods at about the same rate as average households in 1950.
C)  Americans at the poverty level in 2005 own these goods at higher rates than average households in 1950.
D)  Americans at the poverty level in 2005 own these goods at about half the rate as average households in 1950.E) B) and C)
F) A) and D) C

Question 6

Which most accurately describes U.S.GDP from 1900 to 2007 (in 2000 constant dollars) ?

Accepted Answer

A)  U.S.GDP per capita decreased much more rapidly than prices.
B)  U.S.GDP per capita has held constant.
C)  U.S.GDP per capita has increased by nearly twofold..
D)  U.S.GDP per capita has increased by nearly eightfold..E) B) and C)
F) All of the above

Question 7

Which is true about present day Americans who are at the official poverty level?

Accepted Answer

A)  Their incomes are about the same as those at the poverty level in 1950.
B)  Their incomes are higher than all but the richest Americans in 1900.
C)  Their incomes are about the same as those at the poverty level in 1900.
D)  Their incomes are about the same as those in the middle class in 1950.E) C) and D)
F) A) and B)

Question 8

Which is most accurate about those who were in the bottom fifth of the income distribution in 1975?

Accepted Answer

A)  In 1991,about 85% of them were still in the bottom fifth of the income distribution.
B)  In 1991,about 50% were still in the bottom fifth of the income distribution.
C)  In 1991,about 25% were in the bottom fifth and another 25% were in the second poorest group.
D)  In 1991,about 30% were in the richest fifth and another 30% were in the second richest group.E) A) and B)
F) C) and D)

Question 9

Which of the following most accurately describes world population growth?

Accepted Answer

A)  World population has increased steadily during the past 6,000 years.
B)  World population has exhibited significant cyclical patterns of growth and decline.
C)  World population was relatively small until 1750,when it increased extremely rapidly.
D)  World population was small until after World War II,when it increased very quickly.E) B) and C)
F) A) and D)

Question 10

Which is true about present day Americans who are at the official poverty level?

Accepted Answer

A)  Their incomes are about the same as the average world income.
B)  Their incomes are about half of the average world income.
C)  Their incomes are above the world average per capita income.
D)  Their incomes are about the average income of people in nations like China,India and Pakistan.E) A) and C)
F) None of the above

Exam 1: Economic History

Which of the following most accurately describes changes in life expectancy?

Correct Answer
verified

In August 1971,President Nixon implemented price and wage controls to combat inflation.What best describes our experience with these price controls?

Correct Answer
verified
B

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Correct Answer
verified
A

Per capita GDP in the US during the 20ᵗʰ century _____.

Correct Answer
verified

Which of the following is most accurate about ownership of household goods,such as flush toilets,refrigerators,televisions,clothes dryers and automobiles?

Correct Answer
verified
C

Which most accurately describes U.S.GDP from 1900 to 2007 (in 2000 constant dollars) ?

Correct Answer
verified

Which is true about present day Americans who are at the official poverty level?

Correct Answer
verified

Which is most accurate about those who were in the bottom fifth of the income distribution in 1975?

Correct Answer
verified

Which of the following most accurately describes world population growth?

Correct Answer
verified

Which is true about present day Americans who are at the official poverty level?

Correct Answer
verified

Exam 1: Economic History

Which of the following most accurately describes changes in life expectancy?

Correct AnswerverifiedShow Answer

In August 1971,President Nixon implemented price and wage controls to combat inflation.What best describes our experience with these price controls?

Correct AnswerverifiedB

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Correct AnswerverifiedA

Per capita GDP in the US during the 20ᵗʰ century _____.

Correct AnswerverifiedShow Answer

Which of the following is most accurate about ownership of household goods,such as flush toilets,refrigerators,televisions,clothes dryers and automobiles?

Correct AnswerverifiedC

Which most accurately describes U.S.GDP from 1900 to 2007 (in 2000 constant dollars) ?

Correct AnswerverifiedShow Answer

Which is true about present day Americans who are at the official poverty level?

Correct AnswerverifiedShow Answer

Which is most accurate about those who were in the bottom fifth of the income distribution in 1975?

Correct AnswerverifiedShow Answer

Which of the following most accurately describes world population growth?

Correct AnswerverifiedShow Answer

Which is true about present day Americans who are at the official poverty level?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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B

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A

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C

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Correct Answer
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Correct Answer
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