Which of the following best describes the history of tariffs in the United States over the past 70 years?
A) Average tariff rates have not changed much since the early 1930s and are less than 5 percent.
B) Tariffs have declined overall since the early 1930s and now average just over 10 percent.
C) Tariffs were at their highest level in the 1970s and now average just over 10 percent.
D) Tariffs reached a maximum in the early 1930s and now average less than 5 percent
Correct Answer:
Verified
Q58: The Smoot-Hawley Act was enacted in
A) 1980.
B)
Q59: Q60: Tariffs Q61: A difference between a quota and a Q62: An import quota is Q64: An import quota directly restricts_ and are Q65: The effect of an import quota is Q66: A tariff is Q67: Of the following, in which decade were Q68: A difference between a quota and a![]()
A) generate revenue for the government.
B) generate
A) a tariff that
A) a government imposed limit
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