Do you have any answer choices
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.
The slave trade increased in the seventeenth century, as more large-scale agricultural production increased the need for labor. The demand for sugar, a highly profitable crop that grew well in various parts of the Americas, continued to grow. And the Europeans introduced large-scale production of indigo, rice, tobacco, coffee, cocoa, and cotton. Imports of African slaves increased over the latter half of the 17th century and into the 18th. Approximately 1.3 million slaves were exported on the trans-Atlantic route in the 17th century; over 6 million were exported in the 18th century.
The correct answer is, B) bought from the store.
<em>Family farmers got things that they needed such as cloth in the mid-1800s by buying it from the store.
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In those years, people did not have enough money to have clothes for each day of the week and keep a collection in the wardrobe. Just had what they needed to use for work and something different for church on Sundays or special events. Yes, they bought it from the store as well as the things they needed. But they were frugal. The times demanded to be cautious with the money spent on things. Just the necessary.
