High tariffs damage the U.S. economy by making it hard to import crops
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Option - A
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Explanation:
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To protect the US industries Smoot-Hawley Traffic Act passed in June 1930 to impose increase in certain tariffs and effected some restrictions on trade. The increase in tariffs is made to boost the US economy.
The high tariff is made to increase the cost of imported products and to increase domestic production. However, the increase in tariff in the year 1930 had made a huge impact in the economy. Because of restriction in imports and high tariff, the availability of goods in markets are reduced and it had lowered the income and unemployment has become a major issue.
Hi there. The way this question is stated is going to need some input from you to infer what was meant by the language.
This answer would be True. Because opportunity cost means more of one and less of another in simple terms, since in an economy we cannot utilize all of our resources at one time.
But I would caution that the language is in the simplest of terms! Since a more thorough definition would be that opportunity cost is the amount lost by not taking the next-best alternative. If your teacher and lesson usually describe opportunity cost and other terms simply, then I would say to go for it and choose True.
But if your lesson seems to be strict on definitions, then maybe that isn't the best definition. I would say it is good enough though because although simple, it does encompass the whole idea.
I hope this helps!
The correct answer to this open question is the following.
The need for raw materials led to further state expansion, following the Manifested Destiny that was the belief for many Americans that God's will was for America to expand its territories. After the Louisiana Purchase of 1803, US President ordered the Lewis & Clark expedition to the new Western territories. When the exédition was over, those explorers went to Washington D.C. to inform the President about the results. That is when Jefferson authorized people to settle those territories, work the land, and exploit the many raw materials and natural resources to get a profit.
To maintain separation of powers, and to maintain the popular vote are both correct!
