Which one of the following colonial groups actually benefited from the Navigation Acts?
a. Southern tobacco farmers
b. New England shipbuilders
c. colonists who bought goods imported from non-imperial sources
d. No colonial group benefited from the Navigation Acts.
b. New England shipbuilders
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Explicit costs are
A) costs that are measured in dollars. B) costs that do not involve an exchange of money. C) the same as opportunity costs. D) the same as implicit costs.
Rationing
What will be an ideal response?
The __________ is a commonly used tool to represent a project schedule, with horizontal bars populating the right side to graphically represent each task against a calendar along the top of the view.
A. Timeline B. Gantt Chart C. Zoom Slider D. Milestone Schedule
If a good has an elastic demand, then:
A. a small percentage change in price will cause a larger percentage change in quantity demanded. B. a small percentage change in price will cause virtually no change in quantity demanded. C. a large percentage change in price will cause a smaller change in quantity demanded. D. any percentage change in price will cause an almost immediate response in quantity demanded.