Answer: Tariffs could reduce the United States output through a few channels. One possibility is that a tariff <u>may be passed on to producers and consumers in the form of higher prices.</u> <u>Tariffs can raise the cost of parts and materials, which would raise the price of goods using those inputs and reduce private sector output. </u>This would result in <u>lower incomes for both owners of capital and workers</u>. Similarly, higher consumer prices due to tariffs would <u>reduce the after-tax value of both labor and capital income.</u> Because these higher prices would reduce the return to labor and capital, they would incentivize Americans to work and invest less, leading to lower output.
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Explanation:(a) Social Causes - On the eve of the revolution, the French society was ridden with several inequalities. The clergy and the nobles led a life of luxury and enjoyed numerous privileges. On the other hand, the peasants and workers lived a wretched life. They groaned under heavy taxes and forced labour. The middle-class comprising of lawyers, doctors, teachers, etc also suffered humiliation at the hands of the clergy and the nobles. This state of social inequality was the chief cause of the French Revolution.
(b) Political Causes - Emperor Louis XVI of France was an empty headed despot. He and his queen, Marie Antoinette, squandered money on their luxurious living and wasteful festivities. The high posts were often auctioned, so inefficiency reigned supreme. The whole administration was corrupt and each department had its own laws. In the absence of any uniform system there was confusion all around. The people were tired of such a rotten system of administration and wanted a change.
(c) Economic Causes - France had been continually involved in wars which had broken her economy. The luxurious life led by the French King Louis XVI and his queen had made the matter still worse. The people groaned under heavy taxes. The system was so faulty that only a fraction of the taxes could be realized as the people were too poor to pay the taxes while nobles and the clergy who could pay, were completely exempted from all the taxes. The economy became so bad that the French Government had almost reached a state of bankruptcy. Thus the shattered economy of France proved a major cause of the Revolution.
(d) Immediate Cause - Forced by financial bankruptcy, Emperor Louis XVI was compelled to call a meeting of the Estates General in 1789 A.D. after a lapse of 175 years. It generated much excitement as the members of the Third Estate were determined to put forth their problems. But when the first two Estates i.e. the Clergy and the Nobility refused to have a common meeting with the Third Estate, the people lost their temper. They had already suffered much in the severe famine in 1788 - 1789. In this way the calling of the
I remember I learned this in 6th or 5th grade so what happened in the 9/11 is that there were 2 tall buildings and a plane crashed both of them and they probably did it in purpose and a lot of people died that day
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yes me is here hru daksh what is going on ☺✌❤
