10. Which of the following explains the history of tariffs in the United States?

a. Tariffs were originally intended to replace an income tax

b. Tariffs were originally intended to help pay for the Revolutionary War

c. Tariffs originally made up more only 10% of U.S. revenue

d. Answers a and c

e. Answers b and c

11. Which of the following explains early American attitudes toward tariffs?

a. Southern states were for tariffs since they increased prices of farm equipment

b. Northern states were for tariffs since they increased prices of farm equipment

c. Northern states were for tariffs as part of the "infant industry" theory

d. Answers a and c

e. Answers b and c

13. Which of the following laws raised tariffs to their highest level?

a. Payne Aldrich Law of 1909

b. Underwood Tariff of 1913

c. Fordney McCumber Tariff of 1922

d. Smoot Hawley Act of 1930

e. Alben Barkley Act of 1946

14. A country's economic well-being can be measured by which of the following?

a. Population

b. Life Expectancy

c. GDP

d. Answers a and c

e. Answers b and c

15. Which of the following would be considered a primary product?

a. Aluminum

b. Taxis

c. Taxi service

d. Answers a and b

e. Answers a, b and c