Which of the following statements about U.S. tariffs is true?
A) U.S. tariffs have generally decreased since World War II.
B) U.S. tariff rates now are lower than at most other times in the past 70 years.
C) U.S. tariffs reached a peak of about 20 percent in 1933 as a result of passage of the Smoot- Hawley Act.
D) All of the above answers are correct.
Correct Answer:
Verified
Q64: During the Great Depression in the 1930s,
Q65: U.S. tariffs in the peaked in
A) 1992.
B)
Q66: Average tariff levels in the United States
Q67: Since the mid- 1960s, tariffs in the
Q68: The Smoot- Hawley Act
A) recognized Congress's right
Q70: Since 1930, tariff levels in the United
Q71: An import quota is
A) a tariff that
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