Which of the Following Was a Consequence of Countries' Imposing

question 46

Multiple Choice

Which of the following was a consequence of countries' imposing protective tariffs?

• A) Manufacturers cut back on production and laid off millions of workers.
• B) Local industries and products were able to drive out foreign imports.
• C) The flow of trade within a hemisphere was made easier.
• D) The production of raw materials soared.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Cumulative

Refers to the aggregate amount that has been gathered or accumulated over time.

Par Value

A nominal or face value assigned to a share of stock or a bond by the issuing company, often unrelated to its market value.

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.