This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The antebellum period was characterized by many changes in tariff rates. What best describes the ... (Read 217 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The antebellum period was characterized by many changes in tariff rates. What best describes the effect of removing a tariff on foreign cotton textiles?
 a. The total supply curve of textiles would shift back.
  b. The price of both foreign-made and domestic-made textiles would decrease.
  c. The price of foreign-made textiles would decrease and the price of domestic-made textiles would increase.
  d. The total (foreign and domestically produced. quantity of textiles purchased in the US would decrease.
  e. The real income of textile consumers would decrease.

Question 2

During the three decades immediately following World War II,
 a. conservative forces successfully blocked any expansion of New Deal-type programs.
  b. the prevailing liberal ideology led to the passage of legislation that increased Social Security benefits, created Medicare, and increased the minimum wage.
  c. disillusionment with government led to deregulation of airlines and other industries.
  d. most policy makers and the general public rejected Keynesian policies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. The price of both foreign-made and domestic-made textiles would decrease. (Note: This is the exact opposite of the problem in the Economic Insight).

Answer to Question 2

b. the prevailing liberal ideology led to the passage of legislation that increased Social Security benefits, created Medicare, and increased the minimum wage.


krzymel

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Stellar Birth Rates Stellar Birth Rates
Average Pulse Rates by Age Average Pulse Rates by Age
Women status and the population growth rates Women status and the population growth rates
Coolest Period Table EVER Coolest Period Table EVER
Embryonic Period - 12th week Embryonic Period - 12th week
Spontaneous Mutation Rates at Various Loci in Different Organisms Spontaneous Mutation Rates at Various Loci in Different Organisms
Video: PET Scan Animation

For a complete list of videos, visit our video library