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