The Navigation Acts (1651 and later amendments)
(a) defined the British Empire within Europe and restricted shipping and trade between it and the external world.
(b) had a major purpose of enlarging and protecting the King of England's income derived from trade through shipping and trade.
(c) advanced free trade across the British Empire.
(d) held true for all of the above.
(b)
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In the United States the distribution of income is relatively unequal, and output is relatively high, while in the former Soviet Union the distribution of income was more equal and output per worker was much lower. Give one possible explanation for this phenomenon.
What will be an ideal response?
Refer to Table 20.1. George is a single taxpayer with an income of $65,000. What is George's average tax rate?
A) 19.00% B) 22.68% C) 23.61% D) 27%
Decentralizing decision rights marries authority with local knowledge. This would seem to be a good thing, but a problem that may arise is that
A. local managers may have too strong a corporate identification. B. lack of local incentives may mean that local managers do not work to maximize firm value. C. local management may conserve central management's time and effort. D. local knowledge may allow local managers to tailor prices and services to suit local needs.
Cleo promises to pay Jacques $1,000 two years from today. If the interest rate is 4 percent, then how much is this future payment worth today?
a. $924.56 b. $931.44 c. $937.87 d. None of the above are correct to the nearest cent.