The Navigation Acts

question 16

Multiple Choice

The Navigation Acts

• A) placed tariffs on the import of British goods by the colonies.
• B) provided for the free trade of colonial goods, including tobacco, indigo and sugar.
• C) required all colonial trade to be carried on English vessels.
• D) were abolished in 1700.

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Definitions:

Break-Even Point

The juncture where the overall expenses match the total income, resulting in neither a profit nor a loss.

Variable Costs

Costs that vary directly with the volume of production or service delivery, such as materials and labor.

Fixed Costs

Expenses that do not change in total irrespective of the volume of goods or services produced by a company.

Break Even

The point at which total revenues equal total expenses, with no net loss or profit.