The expansion was the result of a strong desire of Manifest Destiny amongst most Americans. Manifest was a belief that the United States was destined to expand across the Atlantic Ocean to the Pacific Ocean. Westward <span>expansion had many effects on America. </span>
Countries that have "free-market" economy generally have better standards of living. It is an economy whereas it is dependent of supplies and demands. By no meaning it has no controls within the government.
Answer: C. protect new industries
Explanation:
Tariffs are charges to imported goods with the double aim of reducing imports and earning more income from them.
In the early days of industrialization, the U.S. lagged behind the more advanced European economies which meant that the Europeans could produce things cheaper than Americans and therefore sell cheaper as well.
Congress therefore believed that to protect new companies that were rising to meet the challenge they had to impose tariffs so that people would stop buying more imports and switch to the goods produced by the new industries.
Although opportunity cost is definitely important, it is hard to put a "price" on the opportunity in many cases, which makes it unmeasurable. This is why economists focus almost exclusively on price.
