The type of commercial policy followed by England under the navigation laws
(a) was followed throughout the 17th and 18th centuries but not by any governments today.
(b) was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today.
(c) was followed throughout the 17th, 18th, and 19th centuries but not by most governments today.
(d) was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation.
(b)
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A stable monetary environment will typically lead to a. inflation
b. producers and consumers better coordinating their decisions through markets. c. independence of central banks. d. increased trade deficits and limited budgets deficits.
In an oligopoly, when the quantity effect outweighs the price effect:
A. keeping output constant and raising price will increase the firm's profits. B. an increase in output may increase the firm's profits. C. a decrease in output may increase the firm's profits. D. keeping output constant and lowering price will increase the firm's profits.