The Main Goal of the Navigation Acts of 1651 Was

question 32

Multiple Choice

The main goal of the Navigation Acts of 1651 was to:

• A)create a kingless republican government called a commonwealth founded on concepts like taxation only with representation.
• B)keep English resources out of the hands of the French and the Dutch and curb the growth of colonial America.
• C)relieve the shortage of labor in the areas surrounding the Mediterranean.
• D)facilitate the movement of English Puritans to Massachusetts.
• E)ensure that New England became the only colony where living conditions were fairly stable and comfortable.

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Definitions:

Natural Rate

The Natural Rate often refers to the natural rate of unemployment, where the unemployment rate is at a level expected in a fully efficient market without cyclical or short-term unemployment.

Long-Run Aggregate Supply Curve

This curve shows the relationship between the overall price level and the total output produced in an economy when wages and resource prices fully adjust to changes, reflecting an economy’s maximum sustainable output level.

Potential Output

A measure of the highest level of economic output an economy can sustain over a period without increasing inflation; synonymous with potential GDP.

Negotiable

Referring to something that can be discussed or altered through negotiation, such as terms of a contract or a financial instrument.