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Anna [14]
2 years ago
7

Based on what you know about the Hawley-Smoot Tariff Act, how can tariffs be both useful and dangerous tools? Give your answer i

n a short paragraph.
Business
2 answers:
Bogdan [553]2 years ago
5 0

The Hawley-Smoot Tariff Act of 1930 raised tariffs on many imported goods, but then countries that traded with the United States raised their tariffs in retaliation leading to increased prices for US consumers. Tariffs can be useful economic tools that boost the sales of a domestic product, but if other countries start to retaliate it can backfire by raising prices and causing economic problems.

tekilochka [14]2 years ago
3 0

Answer:

Sample Response: Tariffs can be useful to help boost the demand of domestically produced goods. In the short-term, this approach can be good for the nation implementing the tariff because it can improve its production. However, this tactic can negatively impact other countries as the demand for their exports decline, causing a decline in their GDP. As seen with the Hawley-Smoot Tariff Act, countries may retaliate with tariffs of their own, causing global economic issues.

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Answer:

Explanation:

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Answer:

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1 year ago
The December 31, 2011, post closing trial balance in thousands for libby corporations is preseted below
Darya [45]

Answer:

Explanation:

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Likewise, liabilities are also divided into current liabilities, long term liabilities

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The preparation of the classified balance sheet for Libby corporation on December 31, 2011 is presented in the spreadsheet. Kindly find the attachment below:

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1 year ago
Why does price discrimination improve the efficiency of the market compared to monopoly or monopolistic competition?
svetoff [14.1K]
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To make sure they are good
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