Statement I: One reason why we don't enact high protective tariffs to save American jobs is that most Americans would not tolerate doing without certain foreign goods.
Statement II: A high protective tariff would probably raise our standard of living.

Question

Quizplus · Accepted Answer

Statement I is true as many Americans have become accustomed to purchasing foreign goods and may not be willing to go without them. However, statement II is likely false as high protective tariffs can lead to increased prices for goods, reducing consumers' purchasing power and potentially lowering their standard of living.

Statement I: One Reason Why We Don't Enact High Protective