UC Davis Econ 111a - American Economic History
Question # 00413746
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Updated on: 10/26/2016 03:45 AM Due on: 10/26/2016
Homework 1:
Econ 111a American Economic History
Due Wednesday October 26, 2016
Question 1: The American colonies regularly faced a trade deficit in the eighteenth century, but it
faced a small balance of payments deficit. Use the following table on the Balance of Payments
for the 13 Colonies from 1768–1772 to discuss why this was the case.
Econ 111a American Economic History
Due Wednesday October 26, 2016
Question 1: The American colonies regularly faced a trade deficit in the eighteenth century, but it
faced a small balance of payments deficit. Use the following table on the Balance of Payments
for the 13 Colonies from 1768–1772 to discuss why this was the case.
Question 2: Greater Productivity is one of the key reasons that income per capita grows over
time. Some argue that technological change is the main cause of productivity growth. Discuss
whether the productivity growth of shipping in the American colonies supports this view or
whether it is a counter-example.
time. Some argue that technological change is the main cause of productivity growth. Discuss
whether the productivity growth of shipping in the American colonies supports this view or
whether it is a counter-example.
Question 3: Plantation owners argued the
Tobacco Inspection Act 1747 would increase the cost of producing tobacco. Are
the following charts consistent with this argument? Explain. What market
imperfection did the inspections help address? Explain how.
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Solution: UC Davis Econ 111a - American Economic History