Question 1

During the 20th century,the agricultural sector experienced an increase in

Accepted Answer

A)  the number of operating farms. 
B)  the farm population. 
C)  the farm output. 
D)  all of the above. 
A)  the number of operating farms. 
B)  the farm population. 
C)  the farm output. 
D)  all of the above.

Question 2

U.S.automobile manufacturers chose not to switch to producing subcompact cars for which of the following reasons?

Accepted Answer

A)  They did not perceive the U.S. demand for subcompacts as permanent. 
B)  This switch was not economically feasible in the long run. 
C)  Government policy prevented them from doing so. 
D)  All of the above. 
A)  They did not perceive the U.S. demand for subcompacts as permanent. 
B)  This switch was not economically feasible in the long run. 
C)  Government policy prevented them from doing so. 
D)  All of the above.

Question 3

A slowdown in labor productivity causes a slowdown in economic growth when all else is held constant.

Accepted Answer

A) True 
 B)False

Question 4

The income elasticity for cars is high.During the late 1960s,some U.S.citizens experienced?a decrease in their real incomes.Consequently,they purchased

Accepted Answer

A)  more expensive U.S. cars. 
B)  more foreign imports due to their relatively low costs. 
C)  used U.S. cars in order to avoid foreign imports. 
D)  U.S. cars of any type to avoid foreign imports. 
A)  more expensive U.S. cars. 
B)  more foreign imports due to their relatively low costs. 
C)  used U.S. cars in order to avoid foreign imports. 
D)  U.S. cars of any type to avoid foreign imports.

Question 5

Describe the notable changes in industrial growth since 1967.Identify those industrial sectors experiencing the highest value-added and those realizing the lowest.Compare changes in value-added to changes in shares of total employment.What do you infer?

Accepted Answer

Since 1967, there have been significant

Question 6

Darby (1984)argues that the problem with declining productivity of the 1970s was not an issue.He adjusted labor productivity upward to take into account which of the following?

Accepted Answer

A)  The immigration policies of the 1970s restricted the free migration of highly qualified workers. 
B)  More men than women re-entered the workforce. 
C)  The overall labor force was relatively young and comprised of individuals still maturing in ?their knowledge base and skill sets. 
D)  The labor force of the 1970s was older, more senior and had gained more experience than ?in the past. 
A)  The immigration policies of the 1970s restricted the free migration of highly qualified workers. 
B)  More men than women re-entered the workforce. 
C)  The overall labor force was relatively young and comprised of individuals still maturing in ?their knowledge base and skill sets. 
D)  The labor force of the 1970s was older, more senior and had gained more experience than ?in the past.

Question 7

Discuss how the U.S.government policy that enabled firms to import semi-finished goods helped U.S.firms to be more internationally competitive with respect to production capacities.

Accepted Answer

The U.S. government policy that allowed

Question 8

According to Chandler and Cortada (2000),the driving force of the U.S.economy has been what since the beginning?

Accepted Answer

A)  Agriculture 
B)  Manufacturing 
C)  Information 
D)  Steel and automobiles 
A)  Agriculture 
B)  Manufacturing 
C)  Information 
D)  Steel and automobiles

Question 9

Discuss the developments in agriculture during the 20th century.

Accepted Answer

The 20th century saw significant develop

Question 10

There has been a massive relocation of heavy industry from the U.S.Northeast and upper Midwest to?the "Sun Belt."

Accepted Answer

A) True 
 B)False

Exam 29: Postwar Industry and Agriculture

During the 20th century,the agricultural sector experienced an increase in

U.S.automobile manufacturers chose not to switch to producing subcompact cars for which of the following reasons?

A slowdown in labor productivity causes a slowdown in economic growth when all else is held constant.

The income elasticity for cars is high.During the late 1960s,some U.S.citizens experienced?a decrease in their real incomes.Consequently,they purchased

Describe the notable changes in industrial growth since 1967.Identify those industrial sectors experiencing the highest value-added and those realizing the lowest.Compare changes in value-added to changes in shares of total employment.What do you infer?

Darby (1984)argues that the problem with declining productivity of the 1970s was not an issue.He adjusted labor productivity upward to take into account which of the following?

Discuss how the U.S.government policy that enabled firms to import semi-finished goods helped U.S.firms to be more internationally competitive with respect to production capacities.

According to Chandler and Cortada (2000),the driving force of the U.S.economy has been what since the beginning?

Discuss the developments in agriculture during the 20th century.

There has been a massive relocation of heavy industry from the U.S.Northeast and upper Midwest to?the "Sun Belt."

Overseas Empire

Colonial Development

America on the Eve of Revolution

Gaining Independence

Westward Expansion

Population and Labor Force

Law and the Rise of Classical American Capitalism

Transportation, Internal Improvements, and Urbanization

Agricultural Expansion: The Conflict of Two Systems on the Land

The Debate over Slavery

The Early Industrial Sector

The Financial System and the International Economy

Economic Effects of the Civil War

Railroads and Economic Development

Post-Civil War Agriculture

Population Growth and the Atlantic Migration

Industrialization, Entrepreneurship, and Urban Growth

Big Business and Government Intervention

Financial Developments 1863–1914

The Giant Economy and Its International Relations

Labor and the Law

The Command Economy Emerges: World War I

Normalcy”: 1919–1929

The Great Depression

The New Deal

The “Prosperity” of Wartime

Before the New Frontier: The Postwar Economy

Population, Health, and Labor

To the New Millennium and Beyond

Does Our Past Have a Future?

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