What Did the Act of Union in 1707 Establish

question 37

Multiple Choice

What did the Act of Union in 1707 establish?

• A)The merger of England and Scotland as Great Britain
• B)The creation of a trade network between the northern and southern colonies
• C)The ability of women to join the workforce in the colonies
• D)The first workers' unions in the colonies
• E)Trade regulations that threatened the abundant natural resources in the colonies

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Definitions:

Net Investment

The total amount spent by a company for purchasing new assets, after accounting for depreciation.

Gross Investment

The total amount spent on purchases of new capital and on replacing depreciated capital within an economy.

Net Investment

The sum of money used to purchase new capital assets, subtracting the depreciation from current capital assets.

Depreciation

The reduction in the value of an asset over time, due in particular to wear and tear.