Question

"A particularly odd aspect of the Smoot-Hawley tariff-raising binge was that the United States was running a balance-of-payment surplus at the time and it was the world's largest _____ nation."

Answer 1

Answer:

The correct answer is

Explanation:

The Creditor is the natural or legal person who is paid for the purchase or use of a service that is not directly related to the activity carried out in the business.

That is to say, the purchase of the service is made since it must be necessary for the correct and habitual operation of the business.

Answer 2

Answer: creditor

Explanation: A creditor is a person to whom a debt is owed. In order to avoid rising unemployment, the Smoot-Hawley Act was introduced which helped protect domestic industries and diverting consumer demand away from foreign products. As a result, almost every industry in the state was rewarded with "made-to-order" tariff. However, there was an odd aspect of the Smoot-Hawley tariff-raising binge. This was the fact that the United States was running a balance-of-payment surplus at that point in time and was the world's largest creditor nation. The Act also created a damaging effect on employment overseas.