Because during the Tea act, the colonists could only purchase one type of tea, and also because the English overpriced everything. Hope this helps!
For Mahan, control of the Caribbean was essential to control of the canal, which was essential for the protection of all three coastlines of the United States. As an essentially “island” nation, it was of the utmost importance that the United States protect its coastline and its interests with a powerful navy.Jul 27, 2015
Answer:
Explanation:
William Baumol, the 88-year-old shoo-in for a Nobel Prize in economics, has spent years understanding why and how capitalism works. The key ingredient, he says, is the risk taker, the person willing to gamble time and money on an unproven idea. Since 1900 the U.S. has enjoyed a boom in productivity and living standards unparalleled in human history. The central actor in that rise has been the entrepreneur, supported by the four pillars of free enterprise: the free flow of ideas, the free flow of capital, open and fair competition, and respect for property rights. "It is like a mechanical watch, where if one wheel is missing the whole thing stops," says Baumol. On the following pages we kick off a new series in which we profile entrepreneurs who are champions of each pillar. Paul Tierney puts money into capital-starved Africa, seeking above-average returns. Krisztina Holly speeds the flow of ideas out of her university so they can turn into businesses. Alan Miller is one of the staunchest advocates for private competition in health care. Web pirate Peter Sunde, an unlikely hero of property rights, has a new company helping digital creators get paid for their work. They're proving Baumol's economic theory every day.
The correct answer is C.
It is possible that in a certain moment a bank needs liquidity (money in cash). Therefore, in order to attract customers that will deposit their money in savings or checking accounts in this bank, it needs to offer them an attractive retribution.
The interest rate will determine the amount that the bank has to pay to the depositor who opens an account. The higher the interest rate, the higher the retribution offered to investors in exchange for their money.
Answer:
The answer is in the 'necessary and proper clause' of the U.S. Constitution, better known as the 'elastic clause,' which allows Congress to make laws it needs to carry out its own powers.
Explanation: