The Smoot-Hawley Tariff of 1930 Had the Effect of

question 76

Multiple Choice

The Smoot-Hawley tariff of 1930 had the effect of

• A)offsetting the Great Depression.
• B)causing a trade war.
• C)stimulating U.S.production.
• D)promoting free trade.
• E)causing other countries to lower their tariffs on U.S.-made goods.

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Definitions:

Acres

A unit of land area used in the imperial and US customary systems, equivalent to 4,840 square yards or 43,560 square feet.

Rent

Payment made to use or occupy land, a building, machinery, or other assets for a specified period under a lease agreement.

MRP

An abbreviation for Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a factor, such as labor or capital.

Workers

Individuals engaged in a profession or activity, especially one involving manual or physical labor, contributing to the production of goods and services in an economy.