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Lowering tariffs typically leads to increased imports, as foreign goods become cheaper for consumers and businesses. This can result in greater competition in the domestic market, potentially benefiting consumers through lower prices and more choices. However, it may also challenge local industries that struggle to compete with cheaper foreign products, potentially leading to job losses in certain sectors. Overall, while consumers may gain in the short term, the long-term effects can vary depending on the economic context.
What else can I help you with?
What effect did the protective tariffs have on goods exported by the south?
it depends what tariffs and when but, i if you are referring to after the revolutionary war, then the effect was the whiskey rebellion.
What political party typically favored lower tariffs?
The modern Republican party would generally favor lowering tariffs, encouraging open trade among countries. High tariffs are seen by Democrats as a way to protect domestic jobs.
Whih of the following did NOT contribute to the stock market crash of 1929?
The Treasury Department's active involvement in the economy.
What was the positive effect of high tariffs?
Sectional arguments between the North and South
What was one long-term effect of high U.S. tariffs?
The long term effect of tariffs and other trade barriers are that eventually the prices will increase. The reason that prices increase is that the competition for that business is decreased.
Will lowering my Yamaha r6 effect the way it corners?
Lowering your Yamaha R6 should not effect the way it corners. Lowering a motorcycle should never effect its driving ability.
What effect did the protective tariffs have on goods exported by the south?
it depends what tariffs and when but, i if you are referring to after the revolutionary war, then the effect was the whiskey rebellion.
How did Wilson compensate for the reduce government income resulting from his lowering tariffs?
by creating an income tax
How did Wilson compensate for reduced government government income resulted from his lowering of tariffs?
by creating an income tax
How do protective tariffs effect price and quantity?
feiruz
In effect tariffs on imports are?
subsidies for domestic producers
What is a positive effect of high tariffs?
Higher profits
What political party typically favored lower tariffs?
The modern Republican party would generally favor lowering tariffs, encouraging open trade among countries. High tariffs are seen by Democrats as a way to protect domestic jobs.
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
What effect do enzymes have?
Simply, the effect of lowering the activation energy of biochemical reactions.
What is the effect of lowering temperature on the rate of burning?
it is the same
Whih of the following did NOT contribute to the stock market crash of 1929?
The Treasury Department's active involvement in the economy.
