What Reason Did Wilson Give for Proposing Tariff Reform

question 26

Multiple Choice

What reason did Wilson give for proposing tariff reform?

• A)To force American companies to compete with cheaper foreign goods
• B)To combat misuse of the tariff by corporations
• C)To pressure Germany to lower their hostility toward England
• D)To smooth the way for the passage of the income tax
• E)He believed it was no longer needed

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Definitions:

Price Level

A measure indicating the average price of goods and services in an economy, often compared over time to assess inflation or deflation.

Inflation

The rate at which the cost of goods and services goes up, thereby reducing the purchasing capacity.

Period

A length or portion of time.

Unemployed Workers

Individuals of working age who are without work, available to work, and actively seeking employment.