Which statement best describes U.S. tariff history between 1800 and 1940?
A) Tariffs were relatively high throughout, especially during wars, with peaks in 1828 and 1930.
B) Tariffs were relatively low throughout, especially during wartime.
C) Tariffs were relatively high throughout, especially during wars, with lows in 1828 and 1930.
D) None of the above.
A
You might also like to view...
Assume a company can offer customers cable television and Internet service at essentially zero marginal and average cost
The following table shows each customer's marginal willingness to pay for television, Internet services, and for a bundle containing both. If television and Internet services are sold separately, the profit maximizing prices are Television Internet Bundle Alex $100 $60 $160 Rebecca $80 $100 $180 A) television $100 and Internet services $60. B) television $80 and Internet services $100. C) television $80 and Internet services $60. D) television $100 and Internet services $100.
Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment and actual GDP are each $400 billion, government can balance its cyclically adjusted budget by:
A. increasing T by $40 billion.
B. reducing G by $20 billion.
C. reducing T by $20 billion.
D. increasing T by $10 billion and reducing G by $20 billion.