Author Question: An economic analysis of the burdens imposed on the colonists by the Navigation Acts for commodities ... (Read 93 times)

cool · **on:** Jun 30, 2018

An economic analysis of the burdens imposed on the colonists by the Navigation Acts for commodities that were imported from Europe via England can best be described as:
a. A shift back in the demand curve and a resulting decrease in the price of the goods.
b. A shift back in both the supply and demand curves.
c. A shift out of the supply curve and a shift back in the demand curve.
d. A shift back in the supply curve, which increases the price and decreases the quantity.

Question 2

Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000 residents or larger went from ____ percent to roughly ___ percent.
a. 15; 20
b. 10; 20
c. 5; 20
d. 0; 20

ApricotDream · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

d. A shift back in the supply curve, which increases the price and decreases the quantity.

Answer to Question 2

d. 0; 20