An increase in the cost of factors of production
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Answer:
English Civil War history influenced New England before the American Revolution. English history influenced the thinking of American colonials, so that Americans in the 1700’s repeated the same arguments that Englishmen used against King Charles I and his use of taxation and an army in the 1600’s.
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Answer: An inequality that can be written in the form ac + b or ax + b ≤ c where x is a variable and a , b , and c are constants and a ≠0 is called a first-degree inequality. Solving an inequality such as 2 x +1<7 is similar to solving a firstdegree equation
Explanation:
Answer:
Britain also needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War.What did King George do in order to pay off some of the war debt?
After The Seven Years War, Britain was riddled with debt. The war costed £70,000,000 for the British, doubling its national debt to £140,000,000, equal to $7,900,000,000 today. In order to pay off the debt, Britain needed money, so the British passed a number of Acts that included taxes, many which targeted colonists.
Explanation:
1) The law of self interest - when people work for themselves and their own good
2) The law of competition - people make better products because of competition
3) The law of supply and demand - enough goods would be produced or supplied at the lowest price to meet the demand in a market
