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vfiekz [6]
2 years ago
10

1. Why do people make economic choices in the South?

History
1 answer:
kakasveta [241]2 years ago
3 0

Why does an economic choice involve giving up something else? People make choices because they cannot have everything they want. All choices require giving up something (opportunity cost) Economic decision-making requires comparing both the opportunity cost and the monetary cost of choices with benefits.

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The main purpose of the Sugar Act of 1764 was to raise taxes on sugar.

Explanation:

The Sugar Act was sanctioned on April 5, 1764 by the English Parliament. This law replaced the Molasses Act by halving the taxes levied on molasses, but by imposing new additional taxes on sugar, and aimed at an end to smuggling and to protect English farmers based in the West Indies and for the government to win more money on sugar, which was indispensable at this time. It taxed the sugar that entered the United States of America and was not bought from the English Antilles.

The aim of the sugar law was to encourage settlers to consume only sugar directly from the English. It raised the taxes that settlers had to pay on molasses, wine, coffee, silk, white clothes, luxury goods, and linen in their ports.

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