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3 years ago

What is one of the main economic effects of a tariff increase?

History

2 answers:

kifflom [539]3 years ago

8 0

I believe it would be the second choice.

N76 [4]3 years ago

4 0

Answer:

Higher prices for consumers.

Explanation:

Tariff increases mean that importation of foreign goods and services becomes more costly, discouraging open competition and promotion of competitiveness of domestic industries and sectors. And consequently, it leads to the consequence that consumer must choose local goods and services of lesser quality and greater prices than those imported.

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What was the gold standard? Which groups of Americans supported it, and which groups opposed it?

Y_Kistochka [10]

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold.The farmers opposed the gold standard because in order to live on their farms, they needed to take out a mortgage on them because they couldn't pay the entire fee by themselves. Thus, farmers were in debt, and a gold AND silver standard would help them by increasing the amount of currency in circulation. Inflation would help debtors because more currency would be produced, therefore the value of each currency would decrease and the value of their debts would similarly decrease, making it easier to pay off. The amount of debt would stay the same, but they would be getting higher wages because of inflation. The wealthy and eastern industrial workers supported a gold standard because inflation would not help them. The wealthy had savings accounts and such, and inflation would lessen the value of their savings. Similarly, the industrial workers might also have a small savings account, but would not have a mortgage on a farm like the westerners (they would live in tenement buildings), so inflation would not have a positive effect on them either.

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3 years ago

Problem Set 3.2

djverab [1.8K]

Answer:

Fixed costs do not change as a result of a change in the production amount but variable costs do. So long as the item changes as a result of production, it is a variable cost.

1. Rent ⇒ Fixed

Once rent is paid, it will not change regardless of the quantity produced.

2. Thread ⇒ Variable

In an apparel shop like this one, more thread is needed to produce more clothes so this is a variable cost.

3. Buttons ⇒ Variable.

More buttons are needed for more clothes to be made.

4. Wages ⇒ Variable

Wages will change if more clothes need to be produced.

5. Electricity ⇒ Variable

Cost will change if more clothes are manufactured because more electricity will be used.

6. Cloth ⇒Variable

7. Equipment Rent ⇒ Fixed

This will not change regardless of production level just like rent.

8. Shipping Costs ⇒ Variable Cost

More clothes means more shipping costs to transport them.

9. Insurance ⇒ Fixed cost

10. Property Taxes ⇒ Fixed cost

This does not change regardless of production level as it is based on the property, not production.

Production Fixed cost Variable Total

0 5 0 5

1 5 6 11

2 5 9 14

3 5 13 18

4 5 18 23

5 5 25 30

6 5 34 39

7 5 49 54

8 5 68 73

4 0

3 years ago

About how many different cultural groups were there in north america before europeans arrived?.

Umnica [9.8K]

There were around 25 recognized different cultural groups in North America before Europeans arrived.

<h3>What are cultural groups?</h3>

A cultural group, also known as ethnicity, is a collection of individuals who identify as one another based on characteristics that set them apart from other groups.
These characteristics may include shared traditions, ancestry, language, history, society, culture, nation, or manners of treatment in their local community. Ethnicity is distinct from the related idea of races, while the terms are occasionally used synonymously, especially in contexts of ethnic nationalism.
Ethnicity can be seen as either a societally imposed or an inherited construct. A person's ethnic identity is typically determined by their shared cultural background, ancestry, origin myth, history, country, language, dialect, symbolic systems including religion, mythology, and ritual, food, attire, or physical characteristics.

To know more about cultural groups with the given link

brainly.com/question/11863519

#SPJ4

5 0

2 years ago

American Indians who traded with the French during the 1500s wanted to obtain which of the following?

mamaluj [8]

The fur trade affected the French and North American Indians... It helped establish economic growth between the tribes and the French. It also helped forge trusted relations between the tribes and the French and several tribes would assist the French against the English in the war.

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4 years ago

Why am i getting blocked for asking," Read this excerpt from The Narrative of the Life of Frederick Douglass.

stiv31 [10]

Answer: He wishes he could thank the young boys who taught him to read.

Explanation:

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3 years ago