The Molasses Act of 1733 Was Intended to

question 48

Multiple Choice

The Molasses Act of 1733 was intended to

• A) stimulate the colonies' triangle trade with Africa and the West Indies.
• B) satisfy colonial demands for earning foreign exchange money.
• C) inhibit colonial trade with the French West Indies.
• D) increase the colonists' standard of living and protect the livelihood of colonial merchants.
• E) require Americans to sell their molasses to British merchants.

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Definitions:

Price-earnings Ratio

A valuation metric for a company, calculated by dividing the market price per share by the earnings per share.

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.

Retained Earnings

The part of net earnings a corporation keeps instead of paying out to its shareholders in the form of dividends.

Noncumulative

A term often used to describe preferred stocks or dividends that do not accumulate if they are unpaid or not declared.