Examlex
Match the term with the definition.
-Originally the term for the supporters of the ratification of the U.S. Constitution in 1787-88. In the 1790s, it became the name for one of the two dominant political groups that emerged during that decade. In the 1790s, leaders of this group supported Britain in foreign policy and commercial interests at home. The group included George Washington, Alexander Hamilton, and John Adams.
Tariff
A tax imposed on imported goods and services to increase their price and reduce competition with domestic industries.
Trade Restrictions
Measures imposed by governments to control the import and export of goods and services with the intention of protecting domestic industries, which can include tariffs, quotas, and other barriers.
Efficiency Argument
The principle that resources should be allocated in a way that maximizes the productivity or welfare of a community or economy.
Jobs Argument
A perspective or argument centered on the impacts of economic policies or business decisions on employment levels.
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