The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?

Quizplus · Accepted Answer

The Smoot-Hawley Tariff Act, implemented by the U.S. in 1930, raised tariffs on thousands of imported goods, effectively limiting international trade. This led to retaliation by other countries, dampening global trade and exacerbating the effects of the Great Depression.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity