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Multiple select📘 6.1.8.EconET.4.a🧠 DOK 1
Question:
Which of the following were economic tools debated in the early years of the United States as solutions to economic challenges? Select all that apply.
Answer Choices:
- A) National Bank
- B) Uniform Currency
- C) Tariffs
- D) Federal Reserve
- E) Income Tax
✅ Answer:
National Bank, Uniform Currency, Tariffs
💡 Explanation:
- During the early years of the United States, there were significant debates about how to manage the nation's economy effectively.
- The National Bank was proposed to stabilize and improve the nation's credit, uniform currency was discussed to facilitate trade and economic stability, and tariffs were considered to protect American industries and generate revenue.
- The Federal Reserve and Income Tax were not part of these early debates as they were established later in American history.
Standard: 6.1.8.EconET.4.a | DOK: 1