Since the 1930s, overall tariff rates in the United States have
A) increased.
B) decreased.
C) remained unchanged.
D) become very unstable, changing week to week.

Question

Quizplus · Accepted Answer

Overall tariff rates in the United States have decreased since the 1930s. This is because of various trade agreements and policies aimed at promoting international trade and lowering barriers to entry. Additionally, there has been a shift towards using non-tariff barriers such as quotas, standards, and regulations to protect domestic industries instead of relying solely on tariffs.

Since the 1930s, Overall Tariff Rates in the United States