In Some Ways, the Navigation Laws and Mercantilist System Were

question 93

Multiple Choice

In some ways, the Navigation Laws and mercantilist system were a burden to certain colonists because

• A) northern merchants derived greater benefit from the system than did southern planters.
• B) those colonists were heavily taxed to help provide financing for the Royal Navy, which protected colonial and British trade.
• C) they stifled economic initiative.
• D) Britain had the only European empire based on mercantilist principles.
• E) they gave greater benefits to slaveholders.

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Definitions:

Opportunity Cost

The cost of choosing one alternative over another, represented by the benefit foregone from not choosing the next best alternative.

Inefficient

Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.

Efficient

The state of achieving a maximum output from given resources, with minimal waste or inefficiency.

Normative Statement

Prescriptive assertions that express judgments about whether a situation is desirable or undesirable, reflecting values rather than facts.