Trade Barriers Answers

11 verified answers
29623
Free Preview

Question text not available

Answers:
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:1930
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:after
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:increase
29624
Free Preview

exported✔ imported

Answers:
Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers:imported
Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers:an advantage
Tariffs are a tax placed on goods.Tariffs are used to give domestically produced goods in the market.As a result of tariffs, imported goods become expensive for consumers:more
29625

a disadvantage✔ an advantage

A
a disadvantage
B
✔ an advantage
29626

less✔ more

A
less
B
✔ more
29627

1929✔ 19301931

Answers:
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:1930
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:after
The Hawley-Smoot Tariff Act passed in January . The act was passed by Congress the start of the Great Depression.The purpose of the act was to purchases of domestic goods.:increase
29628

before✔ after

A
before
B
✔ after
29629

✔ increasedecrease

A
✔ increase
B
decrease
29630

What did government leaders hope the result of the new tariff would be?

A
decreased production of agricultural goods
B
decreased tax rates for imports
C
increased sales for domestic producers
D
increased reliance on foreign production
29631

Which outcomes resulted from the passage of the Hawley-Smoot Tariff Act? Check all that apply.Countries around the world increased their tariffs in response.Trade gradually increased as taxes on imports fell.Domestic industries initially benefited from new tariffs.Imports and exports exchanged between the United States and Britain fell by nearly 66%.Countries such as Germany and Austria were able to control their economic downturn.

A
Countries around the world increased their tariffs in response.
B
Trade gradually increased as taxes on imports fell.
C
Domestic industries initially benefited from new tariffs.
D
Imports and exports exchanged between the United States and Britain fell by nearly 66%.
E
Countries such as Germany and Austria were able to control their economic downturn.
29632

In response to the economic trends triggered by the Great Depression and the Hawley-Smoot Tariff Act, President Roosevelt signed the Reciprocal Trade Agreements Act.What was the main purpose of this act?

A
It banned tariffs within the United States for ten years.
B
It was designed to promote consumer spending through decreased taxes.
C
It allowed the US government to work with other countries to reduce tariffs.
D
It increased tariffs to boost protectionism.
29633

Which actions were taken after WWII to help ensure that an economic crisis like the Great Depression would not occur again? Check all that apply.Agreements were signed to remove links between currencies.The General Agreement on Tariffs and Trade was overturned in 1971.The Bretton Woods Agreement created a system to connect the world’s currencies.The General Agreement on Tariffs and Trade reduced trade barriers.Countries created formal agreements to increase trade barriers.

A
Agreements were signed to remove links between currencies.
B
The General Agreement on Tariffs and Trade was overturned in 1971.
C
The Bretton Woods Agreement created a system to connect the world’s currencies.
D
The General Agreement on Tariffs and Trade reduced trade barriers.
E
Countries created formal agreements to increase trade barriers.

Did you find these answers helpful?