As a Result of British Trade Policies After American Independence

question 2

Multiple Choice

As a result of British trade policies after American independence,

• A)American merchants were able to carry out lucrative trade with the French West Indies.
• B)British ports in the West Indies were closed to American ships.
• C)Congress exercised tight control over American trade policy.
• D)the United States achieved a trade surplus.
• E)Americans were able to keep valuable specie within the United States.

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Definitions:

Significant

Indicating a statistically meaningful relationship or difference in data, often determined by achieving a p-value below a predefined threshold.

Least Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the residuals.

Residual

The difference between an observed value and the predicted value in a statistical model.

Observed Value

The actual value measured or recorded during an experiment or observation.