Statement I: One reason why we don't enact high protective tariffs to save American jobs is that most Americans would not tolerate doing without certain foreign goods.
Statement II: A high protective tariff would probably raise our standard of living.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Question

Hadassah Thompson · Accepted Answer

Final Answer : A, Explanation :  Statement I is true as many Americans have become accustomed to purchasing foreign goods and may not be willing to go without them. However, statement II is likely false as high protective tariffs can lead to increased prices for goods, reducing consumers' purchasing power and potentially lowering their standard of living.

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