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.

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Monthly quantifications or percentages, typically applied in scenarios like rent, subscription fees, or interest calculations.

Annual Rates

The amount or percentage over a year used for calculating changes in financial or other measurements.

Annual Rates

Year-over-year figures or metrics, often used in contexts such as finance or growth measurement.

Monthly Rates

Periodical figures or charges allocated on a per-month basis, common in services and financial agreements.