How Did the Colonists Attempt to Reconcile with England in 1775

question 78

Multiple Choice

How did the colonists attempt to reconcile with England in 1775?

• A) They sent Thomas Jefferson and Ben Franklin to London to express their grievances.
• B) They presented the Olive Branch Petition to King George III as a compromise.
• C) They offered to pay for the tea dumped in Boston Harbor if the British Army was withdrawn.
• D) They agreed to accept all of Parliament's demands for lifting the Intolerable Acts.
• E) They promised to disarm if Parliament would remove the British soldiers.

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Definitions:

MRP

Short for Marginal Revenue Product, it represents the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Imperfect Competitor

An imperfect competitor is a market participant that does not meet the conditions of perfect competition, often having some control over the price of its products due to a lack of numerous competitors or product differentiation.

Perfect Competitor

A theoretical firm in a perfectly competitive market that cannot influence the market price and accepts the price as given.

Output

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