Question

tariffs and the great depression
willis c. hawley and reed smoot,
the politicians for whom the
hawley - smoot tariff act was
named
the stock market crash
the stock market crash of october 1929 marked the beginning of the greatest economic crisis
in american history. a decade of robust economic growth and prosperity hid underlying
weaknesses in the economy: reckless speculation in the stock market, stagnation in the
agricultural sector, rising debt, and the failure of the federal reserve to tighten credit to
reduce risk. when the bottom fell out of the american economy, it seemed to the rest of the
tariffs are a tax placed on ▶ goods.
tariffs are used to give do ▶ uced goods ▶ in the
market.
as a result of tariffs, imported goods become ▶ expensive for consumers

Explanation:

1. For the first blank: Tariffs are taxes on imported goods (by definition, tariffs are levied on goods coming into a country to protect domestic industries or for revenue, so "imported" is correct as opposed to exported which would be a tax on goods leaving, which is less common for tariffs' primary purpose).
2. For the second blank: Tariffs are used to give domestic (implied, as the context is about the domestic market) producers an advantage by making imported goods more expensive, so the goal is to promote domestic goods in the market, hence the support is for domestic - produced goods (the option here would be related to domestic, but from the dropdown with "exported" and "imported" already, the first blank is "imported" as tariffs are on imported goods. Then, tariffs give domestic goods (the ones produced in the country) an edge in the market by making imports costlier. So the first dropdown (tax on goods) is "imported". The second dropdown (give goods an edge) is "domestic" but in the given options, the first blank's options are exported/imported, so first blank: imported. Then, as a result of tariffs, imported goods become more expensive (since the tax is on them, raising their price for consumers).

Answer:

First blank: imported (the option "imported" from the dropdown for "Tariffs are a tax placed on \_\_ goods").
Second blank (implied for the "give \_\_ goods" part, but from the visible options, the first blank answer is the "imported" option in the dropdown, and the last part about imported goods becoming expensive follows from tariffs on imports. If we focus on the first dropdown with exported/imported, the correct choice is the "imported" option (the one labeled "imported" in the dropdown for the first blank).