Which of the Following Was a Consequence of the Hawley-Smoot

question 1

Multiple Choice

Which of the following was a consequence of the Hawley-Smoot Tariff?

• A) It made it easier for Europeans to sell their goods in the United States.
• B) It led other nations to raise their tariff rates against American imports.
• C) It stimulated trade in the Western Hemisphere by creating a free-trade zone throughout the Americas.
• D) It encouraged European nations to eliminate tariff barriers and to create a free-trade zone throughout Europe.

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Definitions:

Centralized Firms

Organizations that maintain decision-making authority at a central point, typically at the headquarters or the top management team.

Variable Costs

Expenses that fluctuate in direct proportion to changes in the level of production or service activity.

Sales Commission

A payment made to salespersons, often calculated as a percentage of the sales they generate.

Overtime Charges

Additional wages paid to employees for hours worked beyond the standard workweek.