Prior to World War II, countries had installed tariff barriers to save

QUESTION

Prior to World War II, countries had installed tariff barriers to save domestic jobs. Why was this strategy unsuccessful?

What will be an ideal response?

 

ANSWER

Answer: Higher tariffs depressed the demand for goods and services, which resulted in the loss of jobs.
Explanation: Higher tariffs on products depressed demand, which resulted in the loss of domestic jobs. This dynamic played a role in the unemployment of the Great Depression.

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