Which of the following statements is true of colonies set up in North America?
A) The institutions set up in colonies in North America were mostly extractive.
B) Most people in these colonies were engaged in industrial production.
C) Production was based on well-defined property rights.
D) The institutions in these colonies were similar to other British colonies established in Jamaica and Barbados.

Question

Quizplus · Accepted Answer

Production in the North American colonies was largely based on well-defined property rights, which facilitated economic activities and development. Unlike some other British colonies that focused on extractive institutions for resource extraction, North American colonies developed institutions that supported property rights and economic growth.

Which of the Following Statements Is True of Colonies Set