The Law That Created the High Level of Tariffs in United

question 161

Multiple Choice

The law that created the high level of tariffs in United States in the 1930s is

• A) the GATT Act.
• B) the World Trade Act.
• C) the Smoot-Hawley Act.
• D) the Tariffs Agreement Act.

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Definitions:

Negative

Characterized by or expressing a lack of approval or support, often leading to adverse outcomes.

Imitate

To copy or mimic the actions, behaviors, or mannerisms of someone or something, often as a form of learning or homage.

Competitors

Other businesses or individuals that offer similar products or services and vie for the same market share or customer base.

Defence Mechanisms

Psychological strategies deployed unconsciously by individuals to protect themselves from anxiety or to cope with reality or maintain self-image.