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.
<span>I don't agree with President Jackson. I think the no one has the right to establish where do u have to live. No one can say to leave my home and that' what happend to Indians: they had to move to west USA.</span>
Nixon is sworn into office as the thirty-seventh President of the United States
Preserve it's small armies while doing enough damage to erode the Union's will to fight
