For the answer to the question above asking at $5 a bushel, there is an excess supply of wheat. is this price above or below the equilibrium price?
I think it is a price floor above the equilibrium price.The price is too high so that the suppliers will produce more than the consumption.
A progressive tax means that the richer people will pay a higher percentage of their income in taxes. This prevents extreme wealth accumulation and helps poor people survive- they don't have to pay as much taxes and hence can better afford food and shelter.
The correct answer is:
D. A higher income pays a higher percentage in taxes.
In brief, it costed the British a lot to be fighting a war, and the costs increased their debt severely, whilst the colonists were unwilling help because of how Britain was treating them.
The reason why automobile has a major impact on the united states is : A. By the end of the decade, automobile ownership had increased dramatically
Before the invention of the automobile, the main transportation of the people in the United states was cart that being carried by horses
hope this helps
Answer:
1. Yes. The colonists who called for independence have good reasons for doing so
2. I would have supported independence from Great Britain.
Explanation:
The colonists did not out of nowhere demand for independence. It was as a result of what was happening during the period (1764 to 1776). Most specifically following the aftermath of the French and Indian War. The war which was fought between Great Britain together with their American colonist's subjects against the French and their Native Indians allies in 1754 to 1763 led to Great Britain gaining more territories in North America.
However, this war led to Great Britain acquiring huge debts. To pay the debts, the King and English parliaments believed since the war was fought on American soil, the American colonists should pay for it. This led to the imposition of huge and unreasonable taxes on the colonists. These taxes include the Stamp Act in 1765, following the earlier imposed Sugar Act in 1764, the Currency Act in 1764, and the Quartering Act in 1765.
The American colonists felt these taxes are huge for them without any avenue to negotiate or determine the rate at which the tax should be imposed on them. Also, they felt the tax was a British means to crippled them economically and override them. So they demand representation if they were to continue to pay taxes. By this, they had hoped they would be able to negotiate or determine the rate to pay. When this agitation was not successful, they result in agitation for independence and nationalism. Hence, this was a tenable reason to demand independence and have a chance to determine how they want to be ruled.
On this note, as a colonist, the best decision is to advocate for independence. Because not only as a colonist we will be able to rule over ourselves against the tyrannical rule of the British King and parliaments. But also to put the fate of colonists in our own hands rather than external power.