HOW A PROTECTIVE TARIFF WORKS
In America
In Britain
When shipped to America,
a 75...
History, 04.03.2021 18:50 unknown9263
HOW A PROTECTIVE TARIFF WORKS
In America
In Britain
When shipped to America,
a 750 tariff is added to
the price of British socks.
American-made British-made
socks sell for socks sell for
$2.00 a pair. $2.50 a pair.
British-made
socks sell for
$1.75 a pair.
What was one consequence of the type of taxes shown in the diagram?
Answers: 3
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