Which of the Following Was a Consequence of the United

question 20

Multiple Choice

Which of the following was a consequence of the United States tariff and tax system during the Gilded Age?

• A) It caused a reduction in the wages of industrial workers.
• B) It lowered prices on manufactured goods by increasing worldwide competition among producers.
• C) It led to a surplus in the federal treasury.
• D) It began to threaten the survival of a large number of American industries.

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Definitions:

Price

The sum of money envisaged, obligatory, or handed over as compensation for something.

Income

The money received by a person or organization for work, investments, or from other sources.

Utility Function

A quantitative model showing how buyers prioritize various combinations of products based on their happiness or usefulness.

Apples

A type of fruit that is grown worldwide and comes in various colors and flavors.