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Question
The law that created the high level of tariffs in United States in the 1930s is
A) the GATT Act.
B) the World Trade Act.
C) the Smoot-Hawley Act.
D) the Tariffs Agreement Act.
Answer
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Related questions
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Q:
Refer to the above figure. At a price of $2 per gallon, there isA) a surplus of 20,000 gallons per month. B) a shortage of 40,000 gallons per month.C) a shortage of 80,000 gallons per month. D) a shortage of 60,000 gallons per month.
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Q:
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Markets tend to underallocate resources to the production of a good whenA) there are negative externalities. B) there are positive externalities. C) there are public goods produced. D) equilibrium occurs.
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Q:
Which of the following statements is FALSE?
A) The rationing function of prices is not allowed to freely operate when the government imposes price controls.
B) Price controls may take the form of price ceilings or price floors.
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Q:
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Q:
Discuss the relationship between world trade and world Gross Domestic Product (GDP) since the early 1950s.
Q:
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Q:
The United States is considered by the Institute for Management Development to be the most competitive economy becauseA) U.S. residents are willing to work harder than anyone else is. B) of widespread entrepreneurship.C) of a high saving rate.D) of selected restrictions on imports from Japan and Europe.