Final answer:
The effects of the Glorious Revolution were not merely restrictive; they also provided economic benefits and protections that fostered colonial prosperity and a higher standard of living.
Step-by-step explanation:
The statement that the overall effects of the Glorious Revolution for the colonists were to restrict their rights to trade and self-govern, benefiting the Mercantilism system is false. Although the Navigation Acts and mercantilist policies did impose some trade restrictions, they also brought about benefits for the colonists that were significant.
Colonists enjoyed a monopoly over certain enumerated goods, received rebates on goods imported from England, and were protected from piracy by the Royal Navy. Furthermore, economic growth in the colonies due to these policies led to a higher standard of living and increased disposable income, reinforcing participation in the burgeoning consumer culture.