0
It protects domestic goods by increasing the price of foreign good. It helps stabilize the price. The Tawley-Smoot Tariff showed that this is a failed system if used too excessively.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is intended to protect domestic industry?
PROTECTIVE tariff
What did protective tariffs mean to American industries?
Protective tariffs meant American goods were taxed less than imported goods.
What is specialization restricted by in the global economy?
Protective tariffs
What was High tariff to limit foreign competition?
A high tariff that limits foreign competition is a protective tariff.
High tariff to limit foreign competition?
A high protective tariff can limit foreign competition.
What is a tax placed on goods from another country to protect the home industry?
protective tariff
What is intended to protect domestic industry?
PROTECTIVE tariff
The purpose of a protective tariff is to?
protect home industries from foreign competition
What is the protective tariff of 1816?
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
What tariff type is used to protect a domestic industry?
A PROTECTIVE tariff is intended to artificially inflate prices of imports and protect domestic industries from foreign competition.
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
What is a protectice tariff?
a protective tariff is a tariff set by the government that is at least 25% tax, this is supposed to protect our county's economy by taxing all imports.
How did the protective tariffs help American industry after the war of 1812?
The tariff was a protective tariff passed by the congress of the united states designed to protect industry in the northern united states. (:
Did the northerners favor the idea of of a protective tariff?
Yes. It would protect their manufacturing industry.
What is the difference between a tariff and protective tariff?
A tariff is a tax on imports A protective Tariff is a tax on imports to protect an industry in your country by making the imported goods more expensive and less attractive to the consumer. A successful use of this can be seen in the history of Harley Davidson Motorcycles.
How did Hamilton plan to raise money?
Alexander Hamilton wanted a protective tariff to protect American industry.
What is the tariff type of raise money to the government?
Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government
