Why Did Many Nations Impose High Tariffs on Imports of Manufactured

question 29

Multiple Choice

Why did many nations impose high tariffs on imports of manufactured goods prior to World War II?

• A) to protect domestic industries from foreign competition
• B) to prevent the occurrence of the Great Depression
• C) to safeguard patents, copyrights, and trademarks
• D) to promote the trade of services over the trade of manufactured goods
• E) to deter any possible attempts to promote communism

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Definitions:

Equity

The value of shares issued by a company, representing ownership interest, or fairness and impartiality within the context of employment or law.

Benefits

Advantages or perks provided to employees in addition to their salaries, such as health insurance, retirement plans, and paid time off.

Pay Ranges

The spectrum of compensation offered for different roles within an organization, usually determined by job function and experience level.

Blue-Collar Jobs

Occupations typically involving manual labor and often paying hourly wages.