Asked by
Lokesh Choudhary
on Nov 05, 2024Verified
The purpose of the ________ was to discourage imports and encourage exports, and thus keep the price of food high.
A) Banana Tax
B) Soybean Wars
C) Sugar Legislation
D) Corn Laws
Corn Laws
A series of laws in the 19th century Britain that imposed restrictions and tariffs on imported grain to protect domestic grain producers.
Imports
Goods and services bought by a country from another country, contributing to international trade.
Exports
Goods or services provided by one country to another in exchange for foreign currency, contributing to a country's economic health.
- Explain the impact of historical trade policies on imports and exports.
Verified Answer
IM
Learning Objectives
- Explain the impact of historical trade policies on imports and exports.