The Smallest Productivity Gains from Colonial Shipping Were from

question 1

Multiple Choice

The smallest productivity gains from colonial shipping were from

• A) shorter layover times in ports.
• B) lower insurance rates.
• C) the increased speed of the ships.
• D) fewer wars.

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Definitions:

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances.

Comparative Negligence

A legal doctrine that apportions damages based on the degree of fault attributable to each party in a lawsuit.

Strict Liability

A principle that holds parties accountable for damages irrespective of preventive measures or caution exercised.

Contributory Negligence

A legal principle where if a party can be shown to have contributed to their own injury or loss, they may be barred from recovering damages.