All categories

3 years ago

Why did some colonists smuggle goods in the 1760s

1 answer:

6 0

Some colonists resorted to smuggling because it offered a way they could avoid the restrictions placed on trade by the British. Restrictions were placed on what the colonies could manufacture, whose ships they could use, and most importantly, with whom they could trade.

British merchants wanted American colonists to buy British goods, not French, Spanish, or Dutch products. In theory Americans would pay duties on imported goods to discourage this practice. The Navigation Act and Molasses Act were just two examples of royal attempts to restrict colonial trade.

Smuggling is the way the colonists ignored these restrictions.

You might be interested in

Hope is desperate for the new designer purse that she saw while window shopping at her local mall. She knew every girl in school

ladessa [460]

Answer:

Conspicuous consumption

Explanation:

Conspicuous consumption is a term used to describe expenditures on goods and services purchased primarily for the purpose of showing wealth. In the mind of the conspicuous consumer, such display serves as a means of having or maintaining social status before a social group, which socially determines objects and goods, such as a classification of higher or lower status. An example of this can be seen in the question above, where the girl bought a very expensive purse just to show that she possessed something luxurious and give an impression of wealth.

6 0

3 years ago

Read 2 more answers

Anyone indo here? im indo XD not india *_*

pashok25 [27]

Answer:

Saya bukan orang India, saya dari Filipina

hehe

7 0

2 years ago

For each situation, give an example of a fiscal policy and a monetary policy solution. (p. 15)

docker41 [41]

Answer:

Monetary Policy refers to the use of money supply and interest rates by the Central bank of a country to help achieve Economic goals such as inflation, consumption and economic growth. An expansionary monetary policy increases money supply and a contractionary policy decreases it.

Fiscal Policy has the same aim of helping the Government achieve economic goals but this time done by regulating government spending or taxes. An expansionary fiscal policy sees increased government spending and reduced taxes while a contractionary policy sees decreased government spending and higher taxes.

1. Rapid investment during a boom period threatens to overheat the economy.

Fiscal policy solution: Contractionary Fiscal Policy

The Economy might overheat because of a high amount of investment in production. This means that Aggregate Demand is moving too fast. To rein this in with Fiscal Policy, the Government can increase taxes and reduce spending. This way people have less money to save to be used for investment and companies have less money to do the same.

Monetary policy solution: Contractionary Monetary Policy

The Central bank should reduce money supply and increase interest rates. They can do this by increasing the reserve requirement rate for banks and engage in Open Market Operations to sell securities to the public. This reduction in money supply will increase interest rates thereby reducing the amount of money left for investing.

2. Layoffs lead to an economic slowdown.

Fiscal policy solution: Expansionary Fiscal Policy

The goal here is to stimulate the economy so that employers can hire more people. The Government can increase spending which would lead to a multiplier effect in income. They should also reduce taxes so that the people can have more money after paying taxes. These two things will have the effect of increasing investment spending which will enable companies to embark on new projects that will increase employment.

Monetary policy solution: Expansionary Monetary Policy

The Central bank should also aim to increase interest rates and money supply at least in the short run. By decreasing the Discount rate as well as the Reserve requirement, and embarking on Open Market Operations where they buy securities from the public, they can increase money supply. This increase in money supply will mean that there is excess money for investment which will lead to increased employment.

3 0

3 years ago

Can someone tell me a little about csx transportation?

saveliy_v [14]

Answer:

It is a Class I freight railroad operating in the eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles of track. The company operates as the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida. You will need a conductors and engineers degree/A National Diploma or GED Certificate is a prerequisite as well as having a driver’s license.

8 0

2 years ago

Read 2 more answers

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the cus

GaryK [48]

Answer:

True.

Explanation:

The bullwhip effect can be explained as an occurrence detected by the supply chain where orders sent to the manufacturer and supplier create larger variance then the sales to the end customer. These irregular orders in the lower part of the supply chain develop to be more distinct higher up in the supply chain. This variance can interrupt the smoothness of the supply chain process as each link in the supply chain will over or underestimate the product demand resulting in exaggerated fluctuations.

CAUSES

There are many factors said to cause or contribute to the bullwhip effect in supply chains; the following list names a few:

1. Disorganization between each supply chain link; with ordering larger or smaller amounts of a product than is needed due to an over or under reaction to the supply chain beforehand.

2. Lack of communication between each link in the supply chain makes it difficult for processes to run smoothly. Managers can perceive a product demand quite differently within different links of the supply chain and therefore order different quantities.

3. Free return policies; customers may intentionally overstate demands due to shortages and then cancel when the supply becomes adequate again, without return forfeit retailers will continue to exaggerate their needs and cancel orders; resulting in excess material.

4. Order batching; companies may not immediately place an order with their supplier; often accumulating the demand first. Companies may order weekly or even monthly. This creates variability in the demand as there may for instance be a surge in demand at some stage followed by no demand after.

6. Price variations – special discounts and other cost changes can upset regular buying patterns; buyers want to take advantage on discounts offered during a short time period, this can cause uneven production and distorted demand information.

7. Demand information – relying on past demand information to estimate current demand information of a product does not take into account any fluctuations that may occur in demand over a period of time.

5 0

3 years ago