From the Civil War until 1914, what change(s) occurred in U.S. policies regarding tariffs?
(a) Tariff rates were generally higher and customs receipts were higher than before the
Civil War.
(b) As the momentum of the westward movement increased, increased revenues from land sales allowed Congress to return tariff rates to their pre-Civil War levels.
(c) Customs revenues increased because of economic growth and the lack of important changes
in tariff policy.
(d) All of the above
(a)
You might also like to view...
The “isms”
What is meant by the prisoners' dilemma? Do the players in the prisoner's dilemma game have a dominant strategy?
What will be an ideal response?
Let's try to understand Alicia's strong dislike for gambling by applying utility analysis to it. Her dislike makes sense only if
a. the sum of the marginal utility she derives from an anticipated win and the negative marginal utility associated with an anticipated loss is negative b. the sum of the marginal utility she derives from an anticipated win and the negative marginal utility associated with an anticipated loss is positive c. she derives zero consumer surplus from a win and suffers a loss of consumer surplus from a loss d. she continues to bet until she loses e. the law of diminishing marginal utility cannot be applied to gambling
Lower interest rates
A. Reflect a lower opportunity cost of money. B. Reflect a higher opportunity cost of money. C. Raise the future value of current dollars. D. Lower the present value of future payments.