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Select the correct answer.How did Northern leaders try to encourage Americans to buy goods made in the United States rather than foreign imports? A. high taxes on imports to increase the cost of imported goods B. low taxes on imports to increase the cost of imported goods C. high taxes on imports to decrease the cost of imported goods D. low taxes on imports to decrease the cost of imported goods E. high taxes on imports to decrease the cost of manufactured goods

Question

Select the correct answer.How did Northern leaders try to encourage Americans to buy goods made in the United States rather than foreign imports? A. high taxes on imports to increase the cost of imported goods B. low taxes on imports to increase the cost of imported goods C. high taxes on imports to decrease the cost of imported goods D. low taxes on imports to decrease the cost of imported goods E. high taxes on imports to decrease the cost of manufactured goods

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Solution

The correct answer is A. Northern leaders tried to encourage Americans to buy goods made in the United States rather than foreign imports by imposing high taxes on imports to increase the cost of imported goods. This strategy is known as protectionism. By making foreign goods more expensive, domestic goods become more attractive by comparison, thus encouraging consumers to buy locally produced items.

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Similar Questions

Select the correct answer.Which circumstance led the Confederacy to think that it could purchase weaponry and supplies to use in the Civil War? A. increased taxation on Southern states B. support from Britain and France C. an abundance of cotton in the Southern states D. profits from the large number of industrie

If a good is imported into (large) country H from country F, then the imposition of a tariff incountry HA) raises the price of the good in both countries (the "Law of One Price").B) raises the price in country H and cannot affect its price in country F.C) lowers the price of the good in both countries.D) lowers the price of the good in H and could raise it in F.E) raises the price of the good in H and lowers it in F.

Tariffs are __________ by governments to make domestically produced goods more attractive and to raise revenue.*1 pointliftedputimposed

How did high tariffs place the Southern states at a disadvantage compared to the Northern states?

Tariffs on imported products are imposed for which of the following reasons?Group of answer choicesTo assert political objectivesProtection of domestic industriesAll of the these are correctCollection of revenue

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