The evidence indicates that during the 1770s, the American colonists were
(a) among the most heavily taxed people in the European world.
(b) among the most lightly taxed people in the European world.
(c) taxed at a rate that was similar to other people in the European world.
(d) taxed at rates that can't be compared to other rates due to lack of data.
(b)
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Imports are:
A) positively related to income in the rest of the world and currency appreciation. B) positively related to income in the rest of the world and currency depreciation. C) positively related to domestic income and currency appreciation. D) positively related to domestic income and currency depreciation.
All of the following are considered input barriers to entry except:
A) control of a key raw material by a single firm. B) the ability to obtain financing for capital projects at more favorable rates than potential competitors. C) the fact that workers in a particular industry belong to a union. D) a patent on a specialized type of capital that is needed to produce a particular product.