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What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
What effect does a tariff have on the price of a product in the country imposing the tariff?
the effect it has on the good is that in 1828 the prices were lowered so that's why the effect is made.
What is a positive effect of high tariffs?
Higher profits
High tariff to limit foreign competition?
A high protective tariff can limit foreign competition.
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
What was a positive effect of tariff?
Higher profits
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
What effect does a tariff have on the price of a product in the country imposing the tariff?
the effect it has on the good is that in 1828 the prices were lowered so that's why the effect is made.
What was a positive effect on high teriffs?
higher profits
What is a positive effect of high tariffs?
Higher profits
Scornful southern term for the high tariff of 1828?
Tariff of Abominations
What was the name of the high tariff adopted in 1890?
The McKinley Tariff
High tariff to limit foreign competition?
A high protective tariff can limit foreign competition.
Scournful southern term for the high tariff of 1828?
Tariff of Abominations
Scornful southern term for high tariff of 1828?
The "Tariff of Abominations"
Scornful southern tern for the high tariff of 1828?
"tariff of abominations"
