The Navigation Act of 1660

question 32

Multiple Choice

The Navigation Act of 1660

• A) promoted colonial trade by removing English duties on enumerated articles.
• B) created stringent enforcement mechanisms by which England regulated colonial trade.
• C) allowed expanded exports of colonial tobacco to European markets.
• D) listed colonial products that could be shipped only to England or to other English colonies.

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Definitions:

Original Price

The initial price of a product or service before any discounts, markdowns, or promotions.

Percentage Changes

A mathematical calculation that indicates how much a quantity has increased or decreased in percentage terms compared to a previous period.

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply by averaging the initial and final quantities and prices to estimate the percentage change.

Price Elasticity

measures how much the quantity demanded of a good changes in response to a change in the price of that good.