Answer:
A by causing real median household incomes to decline
C by limiting consumer choice
Explanation:
Negative effects of trade barriers (protectionism) policies include the following:
- weakening competition in the domestic market, and, consequently, incentives to improve production decsrease;
- the welfare of the population is decreasing due the rise in price of imported goods and the relative high cost of domestic goods, the deterioration of the quality of domestic goods, and the restriction of the freedom of choice of consumers;
- the country will suffer large losses due to the non-use of the absolute and relative advantages of the international division of labor and exchange.
This is confirmed, in particular, by the fact that after the Second World War, the gradual removal of trade barriers, such as tariffs and quotas, stimulated growth and increased the level of welfare wherever this happened, partly due to the expansion of the choice of goods for the population at lower prices. More importantly, trade also had a powerful beneficial effect on productivity, that is, on the efficient use of world resources for the production of economic goods.
The Corrupt Bargain from the year 1824 was about how none of the candidates were able to secure a majority of the electoral vote, because of this problem they had to put this in the hands of the House of Representatives who elected John Quincy Adams instead of Andrew Jackson.
Answer:
It is hard to imagine World War II without the United States as a major participant. Before the Japanese attack on Pearl Harbor in 1941, however, Americans were seriously divided over what the role of the United States in the war should be, or if it should even have a role at all. Even as the war consumed large portions of Europe and Asia in the late 1930s and early 1940s, there was no clear consensus on how the United States should respond.
Explanation:
