Which of the Following Resulted from the Smoot-Hawley Trade Bill

question 198

Multiple Choice

Which of the following resulted from the Smoot-Hawley trade bill of 1930?

• A) The stock market began a steady recovery from the crash of October 1929.
• B) Many countries responded by imposing higher tariffs on American products, and the volume of international trade fell sharply.
• C) Imports decreased, while exports increased, resulting in an overall increase in GDP and tariff revenues.
• D) The unemployment rate, which had been rising, began to steadily decline as jobs were protected by the trade restrictions.

---

Definitions:

Buy-Class Situations

Different buying scenarios that businesses might encounter, varying in levels of complexity and purchase importance.

Buying Center Tendencies

Refers to the patterns or behaviors exhibited by a group of individuals within an organization who are involved in making a purchase decision.

Buy Classes

Categories of purchasing decisions that vary based on their complexity, frequency, and the level of decision-making involvement.

Modified Rebuy

A purchasing situation in which a buyer reevaluates options for repurchasing a product or service due to changing needs or conditions.