HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The government practice of adding a tax to imported goods to encourage Americans to buy American goods is called ____ ?
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protective tariffs
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income tariffs
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export tariffs
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unfair tariffs
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Explanation:
Detailed explanation-1: -Protectionism in the United States is protectionist economic policy that erects tariffs and other barriers on imported goods. In the US this policy was most prevalent in the 19th century.
Detailed explanation-2: -These include specific tariffs, ad valorem tariffs, compound tariffs, tariff-rate quotas, and retaliatory tariffs.
Detailed explanation-3: -Various countries impose various protective tariffs on particular products. An example of a protective tariff could be the US increasing customs duty on clothes originating from Britain to ensure that the clothes are much more expensive compared to domestically produced clothes.
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