James Oglethorpe Founded Georgia as a

question 2

Multiple Choice

James Oglethorpe founded Georgia as a

• A)commercial colony that would produce tobacco for the English Crown.
• B)refuge for English debtors.
• C)haven for Protestant religious liberty.
• D)haven for the Catholic minority in the colonies.

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Definitions:

Deadweight Loss

An inefficiency in the economy that results when the market equilibrium for a good or service isn't attained or is unattainable.

Tariff

A tax imposed on imported or, less commonly, exported goods with the aim of raising the cost to influence trade dynamics.

Domestic Consumers

Individuals or households within a country who purchase goods and services for personal use.

Domestic Producers

Local manufacturers or firms that produce goods within a country's borders for the domestic market.