Homework 3

A  It hurt Dutch smugglers

B  It would have benefited American consumers with lower prices

C  It would have benefited the political elite in Britain at the expense of American importers

D  It was meant to help a company that was at the time considered important to the British political elite’s financial interests

E  All of the above are true

A  All the colonists were harmed

B  Some were harmed and some gained

C  All the colonists would have gained for a few years and then all the colonists would have lost out afterwards

D  No difference as the policies before 1763 were the same as those after

E  All the colonists gained

A  TRUE

B  FALSE

A  Unclear

B  Increase

C  Decrease

D  Unchanged

E  None of the above

A  High because of the governors having a strong incentive to please the colonists and the monarchy having little interest in colonial policy

B  High until 1685 when King James II was deposed and power moved from the monarchy to Parliament

C  Very low due to the power of the English and later British monarchy who always watched and tightly controlled colonial policy

D  Very low due to the power of the colonial governors

E  None of the above

A  Wealth inequality was very low in America during the colonial period

B  Wealth and income are the same thing

C  Wealth inequality was present from the very founding of the colonies

D  Wealth inequality was absent in the Southern region of America during the colonial period

E  None of the above

A  TRUE

B  FALSE

A  Behind the fast GDP growth of the colonies

B  Doubling every 14 years

C  Due to other factors like the decline in piracy and decreasing the time stuck at ports

D  Due to technological advances like faster speeds

E  Faster in the South during the 18th century than in the Middle Colonies

A  The year 2138

B  Never

C  The year 2044

D  The year 2254

E  The year 2036

A  It is defined as a country’s level of per capita income

B  It did not occur in America during the colonial period

C  It is a concept made up by your instructor

D  It tends to occur if there is economic growth particularly GDP per capita growth

E  None of the above