question archive 1) Which of the following resulted from the Smoot-Hawley trade bill of 1930? a
1) Which of the following resulted from the Smoot-Hawley trade bill of 1930? a
Subject:EconomicsPrice: Bought3
1) Which of the following resulted from the Smoot-Hawley trade bill of 1930?
a. The stock market began a steady recovery from the crash of October 1929.
b. Many countries responded by imposing higher tariffs on American products, and the volume of international trade fell sharply.
c. Imports decreased, while exports increased, resulting in an overall increase in GDP and tariff revenues.
d. The unemployment rate, which had been rising, began to steadily decline as jobs were protected by the trade restrictions.
2. In order to achieve a high economic freedom rating, a country must
a. elect political officials democratically.
b. protect property rights, enforce contracts even-handedly, and rely extensively on markets to allocate goods and services.
c. provide citizens with housing, health care, and other basic goods free of charge.
d. use the taxing power of the state to redistribute income from the rich to the poor and thereby promote income equality.
