Why are quotas an example of protectionism? a. quotas increase the volume of trade. b. quotas remove restrictions on trade. c. quotas create trade barriers by limiting imports. d. quotas ignore the needs of domestic industries.

Which of the following statements about the economic consequences of the civil war is not accurate. a. inflation caused prices to rise by 80% in the north. b. because southern farms cannot process enough food for everyone in the south the union navy allowed food shipments from britain. c. to pay for all of the food supplies and arrangements that were necessary for the union army congress instituted an income tax. d. business boomed in the north as factories and farms always had a market for their products.