Which of the following helped fuel economic growth by encouraging people to buy American goods?
A. Monopolies
B. Patents
C. Protective tariffs
D. Laissez-faire
Answer (3)
The answer to this question is Monopolies
A policy that seeks to encourage citizens to only by products produced domestically is a policy of "protective tariffs". This policy does not necessarily create economic growth, and can in fact be harmful to economies depending on the time when they are implemented.
The correct answer is C. Protective tariffs, as they make foreign goods more expensive and encourage consumers to buy American products. This strategy was implemented to shield domestic manufacturers from international competition and promote economic growth. By taxing imports, protective tariffs directly influence consumer purchasing habits in favor of American goods.
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