The type of commercial policy followed by England under the ...

[Tazate]

The type of commercial policy followed by England under the navigation laws
 
  (a) was followed throughout the 17th and 18th centuries but not by any governments today.
  (b) was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today.
  (c) was followed throughout the 17th, 18th, and 19th centuries but not by most governments today.
  (d) was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation.

Question 2

An advantage of a flexible exchange rate system relative to a fixed system is that in a flexible rate system
 
  a. currency speculation will be reduced.
  b. balance of payments surpluses and deficits can be dealt with using fiscal policy, not monetary policy.
  c. inflation will be minimized by the discipline of the balance of payments.
  d. the price of imported goods will be kept relatively low.
  e. none of the above.

[l.stuut]

Answer to Question 1

(b)

Answer to Question 2

E

[Tazate]

Thank you

[l.stuut]

No problemo