With the proposed TPP tariff changes on imported shoes, New ...

[Mollykgkg]

With the proposed TPP tariff changes on imported shoes, New Balance would be ________ by the change in prices on some of the imported shoes sold by other companies that compete with
 
  New Balance's U.S.-produced shoes, and New Balance would be ________ because of the price it could now charge for the shoes it imports from TPP countries.
  A) hurt; hurt B) helped; helped C) hurt; helped D) helped; hurt

Question 2

Discuss the Smoot-Hawley tariff and its economic repercussions.
 
  What will be an ideal response?

[ynlevi]

Answer to Question 1

C

Answer to Question 2

The Smoot-Hawley tariff was a law of the 1930s which set the highest tariffs in U.S. history (60 percent). It set off an international trade war and caused the decline in trade that is often considered a one of the causes of the severity of the worldwide depression of the 1930s. This set the highest rates for the 20th century.