The Smoot-Hawley Tariff

question 51

Multiple Choice

The Smoot-Hawley Tariff

• A)lowered U.S.tariffs by 50 percent following World War II.
• B)was passed by the U.S.Congress following the Civil War as a means of increasing government revenue.
• C)was passed by the U.S.Congress upon a recommendation made by the General Agreement on Tariffs and Trade (GATT)in 1948.
• D)raised average tariff rates by over 50 percent in the United States in 1930.

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Definitions:

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Expectancy Theory

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