The Most Important Source of Foreign Exchange Earnings to Offset

question 12

Multiple Choice

The most important source of foreign exchange earnings to offset the colonial deficit with England was

• A) insurance charges and merchant commissions.
• B) the sale of ships.
• C) the sale of colonial shipping services.
• D) inflows of sterling from British forces stationed in the colonies.

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Definitions:

Diminishing Marginal Returns

A principle stating that as one input variable is increased, there is a point at which the marginal per unit output starts to decrease, holding all other inputs constant.

Connecting Points

Locations or nodes within a network where different routes or lines come together, facilitating movement or communication.