According to the text, in the century prior to the Revolution, ____________ were a "strategic factor in the overall economic advance of the colonies."

A progressive income tax is defined as a tax for which

A) total taxes paid increase with the level of income. B) total taxes paid are independent of the level of income. C) the average tax rate increases with the level of income. D) the average tax rate decreases with the level of income.

Consumers who are more sensitive to changes in price suffer a greater loss of consumer surplus from any given price increase

Indicate whether the statement is true or false