A New Relationship Between Britain and Its American Colonies Was

question 97

Multiple Choice

A new relationship between Britain and its American colonies was initiated in 1763 when ____ assumed charge of colonial policy.

• A) Charles Townshend
• B) George Grenville
• C) Lord North
• D) William Pitt
• E) King George III

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Definitions:

Supply

The total amount of a product (goods and services) available for purchase at any specified price.

Single Tax

A fiscal policy advocating for a sole tax to be levied on a single source, often proposed as a tax on land value.

Economic Rents

Payments to a factor of production in excess of the cost needed to bring that factor into production.

Land Ownership

The legal right to possess, use, and control land.