Historians still to this day hotly argue whether or not Reconstruction was a failure or a success. One aspect of that argument was on what to do with the properly (land) of former slave owners, especially the planters. Some northerners wished to provide for a distribution of southern lands to former slaves. A) Describe that plan and the fate it met. B) Do you think Reconstruction might have had a chance of succeeding without some form of land redistribution? Why or why not?

 

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Historical data for a local steel manufacturing company shows that the average number of defects per standard sheet of steel is 2. In addition, the number of defects per unit is distributed according to Poisson distribution. A batch has just been completed. What is the probability that the first three units manufactured in this batch will contain at least a total of 4 defects?

 

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Historical Demand for a product is:

January – 13

February- 12

March- 11

April- 13

May- 16

June- 14

Using a weighted moving average with weights of 0.60, 0.30, and 0.10 (most recent first), find the July forecast. (A number with one decimal place)

Using a simple three-month moving average, find the July forecast. (enter only a number with one decimal place)

 

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Historical experience demonstrates that:

Select one:

a. protectionism works best

b. competitive markets do not work

c. removing trade barriers does not work

d. economic isolationism does not work

In the study of government-business relations, acknowledging history is important because:

Select one:

a. cultural influences on the political economy persist despite the phenomenon known as globalisation

b. economic conditions change over time

c. it is good scholarly practice to acknowledge the past

d. globalisation will eventually make ‘difference’ a thing of the past

Social democracy aims to:

Select one:

a. Through government intervention, prevent fluctuations in economic performance

b. Focus on the economic as much as the social

c. Leave the invisible hand of the market to address economic problems

d. Focus on the social rather than the economic

The impact of globalisation on Australian policy led to:

Select one:

a. greater reliance on telecommunications by citizens

b. no significant change in the government-business relationship

c. a tripartite arrangement between business, government and the third sector

d. a shift from insularity and protection toward economic liberalism

A key critique of statism is that:

Select one:

a. Unions have a small role

b. Government cannot pick winners

c. The market is left to its own devices

d. Government often fails to achieve appropriate economic outcomes

 

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Historical research involves four main tasks. Interpret refers to the task of: (Points: 4)locating primary sources to learn the factsasking questions like “Who created the source and why?”analyzing all the available primary sources and judging which is the most accuratedistributing the new findings to the world

 

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