Exam (elaborations)
Trade Barriers Assignment Detailed Questions and Expert Answers
- Course
- Trade barriers
- Institution
- Harvard University
Trade Barriers Assignment Detailed Questions and Expert Answers
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Trade Barriers Assignment Detailed Questionsand Expert Answers
Tariffs are a tax placed on _______ goods - ANS imported
Tariffs are used to give domestically produced goods ________ in the market - ANS
an advantage
As a result of tariffs, imported goods become _______ expensive for consumers -
ANS more
The Hawley-Smoot Tariff Act passed in January ______ - ANS 1930
The act was passed by Congress ______ the start of the Great Depression. - ANS
after
The purpose of the act was to _______ purchases of domestic goods. - ANS
increase
What did government leaders hope the result of the new tariff would be? - ANS
increased sales for domestic producers
Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check
all that apply. - ANS Countries around the world increased their tariffs in response
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