Which of the Following Is True of the Hawley-Smoot Tariff

question 31

Multiple Choice

Which of the following is true of the Hawley-Smoot Tariff?

• A) It weakened the economy because other nations raised their tariff rates, which made it harder to sell their products and, in turn, gave them less money with which to buy American goods or repay their U. S. debts.
• B) It strengthened the economy by keeping foreign goods out of the country.
• C) It strengthened the economy by stimulating competition that brought prices down.
• D) It weakened the economy by making foreign products cheaper than American products.

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Definitions:

Repatriation

The process of returning a person to their place of origin or citizenship, which can include the return of refugees, prisoners of war, or employees back to their home country after working abroad.

Leadership Skills

Refers to the ability to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members.

Cross-cultural Adjustment

The process through which individuals learn to adapt and function effectively in a cultural environment different from their own.

Successful

The achievement of set goals or objectives, often measured by metrics such as profit, market share, or personal accomplishment.