What Did the 1773 Tea Act Do

question 62

Multiple Choice

What did the 1773 Tea Act do?

• A) It raised import duties on tea and thereby caused the cost of tea to skyrocket.
• B) It granted the British East India Company a monopoly on all tea sold in the colonies, thereby permitting the company to raise tea prices across the board.
• C) It eliminated all remaining import duties on tea entering England and, as a result, significantly lowered the price of tea in the colonies.
• D) It prohibited the consumption of any tea that had not been shipped in British vessels.
• E) It ended all tea monopolies, thereby opening up competition and putting American smugglers out of business.

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Definitions:

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Normal Population

A population with a distribution that follows a normal curve or Gaussian distribution, characterized by being symmetrical and bell-shaped.

Standard Deviation

A statistical metric that quantifies the amount of variation or dispersion of a dataset relative to its mean.

Mean Age

The average age of all individuals in a particular group or population, calculated by summing their ages and dividing by the number of individuals.