Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Which of the following helped fuel economic growth by encouraging people to buy American goods?
a. monopolies c. protective tariffs
b. patents d. laissez faire


Sagot :

Gibbs
Protective Tariffs are policies that seek to encourage individuals to buy domestic goods, in this case American goods (C). However, the impact on economic development and growth is mixed in that it can help fuel development of important competing industries but can also harm the economy as a whole and also create higher equilibrium prices for consumers.