Which one of the following colonial groups actually benefited from the Navigation Acts?
a. Southern tobacco farmers
b. New England shipbuilders
c. colonists who bought goods imported from non-imperial sources
d. No colonial group benefited from the Navigation Acts.
b. New England shipbuilders
You might also like to view...
German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would have shifted to the left. C) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. D) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive?
What will be an ideal response?