The Tea Act (1773) Was Passed in Order to ______________

question 13

Multiple Choice

The Tea Act (1773) was passed in order to ______________.

• A) increase export duties on tea
• B) raise revenue in the colonies to form a colonial defense
• C) provide an alternative source of revenue for England after the repeal of the Stamp Act
• D) help the British East India Company and allow it to sell its tea directly in the colonies
• E) promote drinking tea, in an attempt to establish prohibition of alcohol in the colonies

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Definitions:

Maximize Wealth

The process or strategy aimed at increasing the net value of assets owned by an individual or corporation.

Opportunity Cost

The worth of the best option given up by choosing to follow a specific course of action.

Different Utilities

The concept relating to the varied usefulness or satisfaction that consumers derive from products or services.

Roommates

Individuals who share a living accommodation, where each person typically has their own room but shares other facilities like the bathroom and kitchen.