From 1800-1860 which part of the nation was most opposed to high tariffs?

A product that is a close substitute but not a perfect substitute for the products of the other firms is called

A) a homogeneous product. B) an efficient product. C) a differentiated product. D) an inelastic product.

Tariffs raise the price of imported goods, but quotas rarely do

Indicate whether the statement is true or false