Solved

Which of the Following Is True of the Hawley-Smoot Tariff

Question 11

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents