In Response to the Boston Tea Party, Parliament

question 25

Multiple Choice

In response to the Boston Tea Party, Parliament  

• A) closed Boston harbor.
• B) restricted town meetings in New England.
• C) required that the perpetrators of the Boston Tea Party be taken to England for trial.
• D) repealed the Tea Act.
• E) passed the Townshend Acts.

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Definitions:

Marginal Cost

The expense for creating a supplementary unit of a product or service.

Market Interest Rate

The prevailing rate at which borrowers are willing to borrow money and lenders are willing to lend in the financial market.

Needed Financing

The amount of money required to fund a project, venture, or cover operational expenses not met by current revenues.

Process Innovation

The development and use of new or improved production or distribution methods.