Question

At the end of World War II, Group of answer choices most nations began to apply tariffs uniformly across all industries. tariffs around the world fell substantially. tariffs increased in low-income countries and fell a small percentage in high-income countries. agricultural subsidies were significantly reduced.

Answer 1

tariffs around the world fell substantially.

Step-by-step explanation:

The world War I was a period of battle between various countries from 1914 to 1918. It started formally on the 28th of July, 1914 and ended on the 11th of November, 1918.

At the end of World War II, tariffs around the world fell substantially in order to foster trade between countries.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Tariffs can be defined as government imposed levies, fees or duties on goods that are imported into or exported out of a country.

Generally, tariffs can reduce both the volume of exports and imports in a country. In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.