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A tariff is a tax imposed by a government on imported goods, intended to protect domestic industries and generate revenue. It can lead to higher prices for consumers, as businesses may pass on the cost of tariffs. Tariffs can also affect international trade relations, potentially leading to trade disputes or retaliatory measures from other countries. Overall, while tariffs can support local economies, they may also disrupt global trade dynamics.
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In 1816 American manufacturers called for a protective tariff to protect the growing American industries.?
the answer is true a+ students
Congress can levy a tariff on goods sent out of or imported out of state?
not true
Progressives were pleased with William Howard Taft for pushing through the Payne-Aldrich tariff is this true?
yes
What has the author Paul Dolan written?
Paul Dolan has written: 'True to Our Roots' 'A social tariff for EuroQol'
Trade between states was made difficult by tariff laws passed by the state legislatures?
true {{novanet}}
The Tariff of 1828 was known throughout the South as the tariff of?
Abomination.
How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?
Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
What is the full form of tariff?
TARIFF
What is a tax placed on goods from another country to protect the home industry?
protective tariff
Scornful southern term for the high tariff of 1828?
Tariff of Abominations
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
