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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

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Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Homework 1

Navigation   » List of Schools  »  Los Angeles Valley College  »  Economics  »  Econ 010 – Economic History of the United States  »  Fall 2021  »  Homework 1

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Below are the questions for the exam with the choices of answers:

Question #1
Which of the following is NOT a reason why there was such high population growth in America after 1650?
A  Population was primarily rural
B  Population was younger
C  Economy was generally doing well
D  Large population growth among both whites and African-Americans
E  All of the above were reasons why there was such high population growth in America after 1650
Question #2
According to the lecture slides, why was slavery not adopted in the Northern part of the colonies?
A  People there had never heard of slavery
B  Climate in the North was not conducive to slavery
C  Northern economy was dominated by tobacco production
D  Large number of European laborers in the North who were willing to work for very low wages
E  Strong opposition to the idea of owning other people
Question #3
What was particularly important for why Columbus discovered America?
A  Desire to explore new parts of the world for scientific purposes
B  Desire to found new colonies for Spain
C  Desire to create a new source of food production to feed the population of Portugal
D  Desire to obtain spices which were in high demand
E  None of the above
Question #4
In the 18th century, the opportunity cost of migrating to America from Europe was generally very high for people.
A  TRUE
B  FALSE
Question #5
Why was the headright system important?
A  Because it shows how France was able to outpace Portugal and Holland in the race to settle America
B  Because it explains why football players wear helmets
C  Because it showed how markets (rather than governments) are much better at distributing resources
D  Because it explains why Spain became so wealthy and could finance the Spanish Armada against England in 1588
E  Because it was a major reason for why England was able to get many of their nationals to emigrate to America
Question #6
Given all its uses and the lack of substitutes, we would say the PED for wood for American colonists was…
A  Neither elastic nor inelastic
B  Unit elastic
C  Inelastic
D  Elastic
E  None of the above
Question #7
One reason for England’s rise in power starting in the 17th century was due to its fixation on land as the only source of wealth.
A  TRUE
B  FALSE
Question #8
If the British government had decided to restrict the land available for settlement (as they did after 1763), it would have had what effect on the wages of laborers?
A  Unclear
B  Increased
C  No effect
D  Decreased
E  None of the above
Question #9
Consider the decision of whether a person in England should migrate to the US. Over the course of the 17th and 18th centuries, what happened to the net benefit of this choice?
A  It increased
B  It decreased
C  It is unclear
D  It stayed the same
E  None of the above
Question #10
Which of the following is the best definition of economics?
A  The study of decision-making of how to allocate scarce resources by individual persons and firms
B  The study of how to allocate an unlimited amount of resources
C  It is the study of being boring on an individual and national scale
D  The study of decision-making of how to allocate scarce resources at the national level
E  The study of decision-making of how to allocate scarce resources
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
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