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In the Early Years of the American Republic, the Federal

Question 30

Multiple Choice

In the early years of the American republic, the federal government tried to support domestic markets by restricting imported goods through tariffs, which are:


A) taxes on imports, thereby raising their prices and discouraging their entry into domestic markets.
B) a form of consumption or sale taxes, ones that discourage importer entry into domestic markets.
C) a type of government subsidy that governments of developing countries use to keep importers from harming their fledging economies.
D) taxes on goods shipped to other countries, used as a means of discouraging them in order to keep the supply of goods and, thus, prices in check.

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