The Navigation Acts:
a. required certain commodities to be traded within the British empire only.
b. provided for the free trade of colonial goods, including tobacco, indigo and sugar.
c. required all colonial trade to be carried on English vessels.
d. were abolished in 1700.
e. both a and c are correct.
e. both a and c are correct.
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In his book Progress and Poverty, Henry George argued that:
poverty is associated with the personal characteristics of individuals and therefore cannot be remedied by government antipoverty programs. B. economic rent could be heavily taxed without impairing the supply of land or therefore the productive capacity of the economy. C. rents should not be taxed because rental income is the basic source of saving, which ultimately permits a high level of investment and economic growth. D. taxes on rents are undesirable because they have a severe disincentive effect on landlords.
Since roughly 1970, the U.S. has moved from being a
A. small net creditor nation to a much larger net creditor nation. B. net importer of goods and services to being a net exporter of goods and services. C. net creditor nation to being a net debtor nation. D. net debtor nation to being a net creditor nation.