Answer:
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Explanation:
The correct option is (b) Protective tariffs
Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.
<h3 /><h3>What is protective tarrifs?</h3>
- An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
- The importing countries profit the most from tariffs since they design the policy and receive the cash.
- The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
- Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.
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I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?
(a) Dred Scott decision
(b) Protective tariffs
(c) Bleeding Kansas
(d) Lincoln’s election"
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u> desired by employers.
<h3>What is Career readiness?</h3>
Career readiness can be defined as the way in which a person acquire or possess the necessary skills, knowledge that an employer desires an employee to posses.
Career readiness is essential for someone that want to build their career or the person that want to reach the highest peak of their career as this enable them to prepare ahead.
Therefore Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u> desired by employers.
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Answer:
Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. Domestic consumers benefit from import substitution as they do not have to face strong competition from foreign competitors and can sell their goods at a higher price. So for example manufacturers in USA sell a battery from $10 but consumers from USA have the option to import that battery at $7 from China the US manufacturers wont be able to compete as Chinese companies have lower cost of production therefore they can sell cheaper and in order to protect the local manufacturers the government may use an ISI strategy to help the local manufacturers. On the other hand consumers are harmed from this strategy as they cannot buy the cheaper product because of change in government strategy. So consumers who were buying the battery at $7 not have to buy it at $10.
Explanation:
