Which of the Following Was the Purpose of the Tea

question 72

Multiple Choice

Which of the following was the purpose of the Tea Act imposed by Parliament on the colonies in May 1773?

• A) It was intended to break the American boycott of tea imports from England.
• B) Parliament passed the Tea Act to raise more revenue from the sale of tea in order to cover military costs in North America.
• C) The British needed to bail out the financially strapped British East India Company.
• D) Parliament meant to punish the Americans for importing tea from Holland.

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Definitions:

European Countries

Nations located on the continent of Europe, known for diverse cultures, languages, and economies.

Deadweight Loss

The decrease in economic effectiveness when a product or service fails to achieve or cannot attain its balance point.

Cheesecake

A sweet dessert consisting of one or more layers, primarily a thick layer of cream cheese and egg mixture set atop a base made from crushed cookies, crackers, or sponge cake.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability where there is no excess supply or demand.