Which of the following is true of the Hawley-Smoot Tariff?
A) It weakened the economy because other nations raised their tariff rates, which made it harder to sell their products and, in turn, gave them less money with which to buy American goods or repay their U. S. debts.
B) It strengthened the economy by keeping foreign goods out of the country.
C) It strengthened the economy by stimulating competition that brought prices down.
D) It weakened the economy by making foreign products cheaper than American products.
Correct Answer:
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