Which of the Following Best Describes the History of Tariffs

question 19

Multiple Choice

Which of the following best describes the history of tariffs in the United States over the past 70 years?

• A) Tariffs were at their highest level in the 1970s and now average just over 10 percent.
• B) Tariffs have declined overall since the early 1930s and now average just over 10 percent.
• C) Tariffs reached a maximum in the early 1930s and now average less than 5 percent.
• D) Average tariff rates have not changed much since the early 1930s and are less than 5 percent.

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Definitions:

Group Project

A collaborative effort where individuals work together towards a common goal or to complete a task.

Communicating

The process of exchanging information or ideas through verbal, written, or non-verbal means to achieve understanding or share meanings.

Information Power

A form of power based on controlling access to information that is needed by others.

Position Power

The authority and influence a person possesses within an organizational hierarchy, often determined by job role or title.