According to quantitative estimates of the burden of the Navigation Acts on the colonies, what can be said about the (net) effect of the Acts?
a. The Navigation Acts placed a serious economic burden on the colonies, with estimates of this burden equaling roughly 40 percent of 1770s GNP.
b. The Navigation Acts were the critical reason why colonists revolted against the British.
c. After accounting for the protection provided by the British, there was very little economic burden to colonists from the Navigation Acts.
d. Existing data do not allow for credible estimates of the economic burden of the Navigation Acts on the colonies.
Question 2
According to Martha Olney why did blacks buy on installment at almost twice the rate of whites?
a. Installment contracts were formal and could be used legally for repossession while credit agreements could not.
b. Blacks did not like to buy things on credit.
c. Blacks were more likely than whites to purchase goods that required installment purchases.
d. It was easier for blacks, who tended to have lower income than whites, to pay off their debts on a regular schedule that the installment plans offered.
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