Colonists Disliked the New British Policy of Trying Accused Tax-Policy

question 62

Multiple Choice

Colonists disliked the new British policy of trying accused tax-policy offenders in admiralty courts because the offenders  

• A) would be assumed guilty unless they could prove themselves innocent.
• B) would be taken to England for trial.
• C) could not present witnesses in their own defense.
• D) would not receive a jury trial.
• E) could not have an attorney.

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Definitions:

Relatively Inelastic

Relatively inelastic refers to a situation where the demand for a good or service changes little when its price changes; the percentage change in demand is smaller than the percentage change in price.

Perfectly Elastic

This term describes a situation in market economics where the quantity demanded or supplied responds infinitely to changes in price.

Relatively Elastic

Describes a situation where the quantity demanded or supplied changes significantly in response to a change in price.

Unit Elastic

A demand or supply situation where a percentage change in price leads to an equal percentage change in the quantity demanded or supplied.