Which Act Raised Duties to Reduce the Volume of Imports

question 16

Multiple Choice

Which act raised duties to reduce the volume of imports into the United States,in the hopes that this would restore domestic employment?

• A) The Export Trading Company Act
• B) The Gramm-Leach-Bliley Act
• C) The Sarbanes-Oxley Act
• D) The Smoot-Hawley Act

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Definitions:

Journal Entries

Records of financial transactions in the double-entry bookkeeping system, noting debits and credits for each transaction.

Posting

The process of recording financial transactions in the ledger of an accounting system.

Debits

Entries on the left side of an accounting ledger, representing increases in assets or expenses and decreases in liabilities, equity, and income.

Laser Equipment

High-precision tools that use laser technology for various applications, including cutting, engraving, and marking materials.