0
What is money colonists paid for goods purchased from other countries?
Wiki User
∙ 9y ago
The colonists were forced to pay tariffs on many of their goods which were imported from other countries. This drove up the price of the items and hurt the colonies financially.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
A or duty is money colonists paid for goods purchased from other countries?
A tariff is a tax on imported goods that colonists paid for purchases from other countries.
What are some capital goods?
these are good s that are purchased with money
How does importing goods affect the amount of money in circulation?
When you import goods, you pay money to other countries. Less money remains in your country while more money goes to the foreign countries.
Since Egyptians had no money how were goods purchased?
They bartered and traded goods to get those items they needed.
What are bills payable?
That is money you owe someone for services rendered or goods purchased on account.
How were good purchased from the east without an abundance of silver and gold?
Goods were traded for goods instead of money or something with monetary value.
Why did colonists smuggle goods?
Because there was money to be made in smuggling. There were no taxes paid to the government for smuggled goods. This meant that the seller could keep all of the profits, and/or get goods much cheaper.
What is internally and externally?
external taxTax levied on goods coming into the colonies, like sugar, molasses, foreign goods. Although the colonists had no say in how these taxes were spent, they generally considered Parliament had the right to levy the tax. internal taxTax levied on goods produced within the colonies, such as newspapers, official documents, goods and services, in order to raise money. Colonists had no say in how this money was spent, as they had no representation in Parliament, so they thought the right to levy internal taxes should belong to the colonists only.
What is internal and external tax?
external taxTax levied on goods coming into the colonies, like sugar, molasses, foreign goods. Although the colonists had no say in how these taxes were spent, they generally considered Parliament had the right to levy the tax. internal taxTax levied on goods produced within the colonies, such as newspapers, official documents, goods and services, in order to raise money. Colonists had no say in how this money was spent, as they had no representation in Parliament, so they thought the right to levy internal taxes should belong to the colonists only.
Why did the colonists smuggle goods?
Some were simply crooks. Some believed they were being unfairly taxed
Was tariff a tax on imported good?
Yes, so the government could make money off of imported goods shipped from foreign countries. Yes, so the government could make money off of imported goods shipped from foreign countries.
Why does a country export goods?
Countries export goods because they have a surplus or more then what they need, gives to countries stuff they don't have, raises money for their country and they trade for something else in exchange for that good.
