Despite Some Economic Benefits of the Mercantile System, the American

question 21

Multiple Choice

Despite some economic benefits of the mercantile system, the American colonists generally disliked it because it

• A) forced the South into a one-crop economy.
• B) favored the northern over the southern colonies.
• C) required American colonists to display a measure of economic initiative and self-sufficiency as they were unable to demonstrate trading in international economic markets.
• D) stifled economic initiative and imposed a rankling dependency on British government agents and creditors.
• E) forced them to sell their products to other countries at a reduced price.

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Definitions:

Compensation

The complete sum of financial and non-financial compensation given to a worker by their employer in exchange for the work done.

Broadbanding

A method of salary structure that consolidates a large number of pay grades into fewer, wider bands.

Hybrid Wage System

A compensation strategy that combines elements of both hourly wages and salary, potentially including performance bonuses or commissions.

Administrative Employees

Employees who are responsible for office functions and tasks; they typically engage in non-manual work related to the general business operations of an organization.