What Was the Dominant Feature of the Eighteenth-Century New England

question 54

Multiple Choice

What was the dominant feature of the eighteenth-century New England economy?

• A) It was an agriculture-based economy,with large farms producing most of the marketable goods.
• B) It was based on trade that depended on material imports from Asia.
• C) It was dependent on intercolonial trade within North America.
• D) It was a diversified,worldwide commercial economy focused on the Atlantic world.

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Definitions:

Revenue And Spending Variance

The difference between actual and budgeted or forecasted revenue and expenses over a specific period.

Net Operating Income

The total profit a company generates from its operations, excluding expenses and revenues not related to the primary business activities.

Tenant-Days

A measurement in property management representing the total number of days rented out across all tenants.

Activity Variance

The difference between planned or budgeted cost and actual cost in activity-based costing, indicative of operational efficiency.