In the early decades of the 18th century, English goods sold for as much as 80 to 140 percent more in the colonies than in England primarily due to:
a. high tariffs on English goods imported to the colonies.
b. a limited supply of English goods available for shipment to the colonies.
c. high transportation costs for goods shipped from England to the colonies.
d. legally established price floors on English goods sold in the colonies.
c. high transportation costs for goods shipped from England to the colonies.
You might also like to view...
Why is collusion more likely in a repeated game?
What will be an ideal response?
An investment bank is a financial institution that finances federal budget deficits at very low interest rates
a. True b. False Indicate whether the statement is true or false
Despite the Obama administration's support of the Trans-Pacific Partnership (TPP), the AFL-CIO labor union has argued that the TPP will not
A) protect the environment.
B) ensure safe imports.
C) create jobs.
D) all of the above
Parity pricing refers to the relative price of farm products to nonfarm products in the period
A. 1910 B. 1930 C. 1985-2014. D. 1950