The Tea Act: The Catalyst of the Boston Tea Party. The Tea Act, passed by Parliament on May 10, 1773, granted the British East India Company Tea a monopoly on tea sales in the American colonies. ... The tea tax was kept in order to maintain Parliament's right to tax the colonies.
Answer:
it is very difficult to discover and determine all possible consequences is the correct answer.
Explanation:
The rule of 70 is used to determine how many years it will take for an economy to double in size. The equation is 70/percent growth = years to double. In this question, you are given the number of years and are asked to determine the percentage growth.
Therefore the answer would be d) 14%
Answer:
b. the marginal social benefit to exceed the marginal private cost of the last unit produced.
Explanation:
<u>Positive Externality-</u>
Positive Externality occurs when production or the consumption or of the good causes benefit to the third party.
For example, when the individual consume education in order to be uplifted and get a benefit but this education also benefits the society by uplifting the whole society.
<u>Positive externality causes the marginal social benefit to be greater than the marginal private benefit.</u>
Answer:
True Statement(s)
The underclass is in many ways disconnected from the rest of society.
It is extremely difficult for a member of the underclass to move out of it.
Incorrect Statement(s)
Geographically, the underclass is found mostly in extremely rural areas.
The underclass has shrunk in size over the last 25 years.
Explanation:
The concept of underclass bears many of the characteristics of earlier population conceptual frameworks at the lower tiers of the economic and social hierarchy. Charles Murray used the word underclass in 1984 to explain a populace of perpetual or prolonged poverty whose low-income status passes from one generation to another due to inherently dysfunctional behaviors. Recent researches indicate a fall in its size because of shortfalls in the number of census tracts with significant concentrations of dropout from high levels of receipt of social assistance.
