Conflict Is Always a Bad Thing

question 34

True/False

Conflict is always a bad thing.

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Definitions:

Smoot-Hawley

Refers to the Smoot-Hawley Tariff Act of 1930, a legislation passed in the United States that imposed high tariffs on imported goods to protect American businesses and farmers, which is widely considered to have exacerbated the Great Depression.

Federal Tax Revenue

The income collected by the federal government through various types of taxes to fund national programs and services.

Structural Changes

Alterations in the fundamental ways a market or economy operates, often due to technological advances, shifts in demand, or policy changes.