Question
How did tariffs affect American businesses?
Responses
It gave them powerful allies in foreign governments
It gave them powerful allies in foreign governments - no response given
It created new laws against raising taxes
It created new laws against raising taxes - no response given
It eliminated competition from foreign businesses
It eliminated competition from foreign businesses - no response given
It lowered the prices on imporeted goods
Responses
It gave them powerful allies in foreign governments
It gave them powerful allies in foreign governments - no response given
It created new laws against raising taxes
It created new laws against raising taxes - no response given
It eliminated competition from foreign businesses
It eliminated competition from foreign businesses - no response given
It lowered the prices on imporeted goods
Answers
Answer
Which one is the best answer to this question?
Answered by
GPT-4o mini
The best answer to the question "How did tariffs affect American businesses?" is **"It eliminated competition from foreign businesses."**
Tariffs are taxes imposed on imported goods, which typically increase the price of those goods. By making imported goods more expensive, tariffs can help protect domestic industries from foreign competition, allowing American businesses to thrive without facing as much competition from abroad.
Tariffs are taxes imposed on imported goods, which typically increase the price of those goods. By making imported goods more expensive, tariffs can help protect domestic industries from foreign competition, allowing American businesses to thrive without facing as much competition from abroad.
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