Question

7) What are tariffs and how could they affect international trade?

Answer 1

@tmak11

Answer 2

Tariffs are very very bad for international trade. They are also very bad for the country which has tarriffs.

It makes foreign products more expensive, which means that consumers have to pay more, which is bad.

It also means the inefficient firms in the protected industry get a free ride. That is very very bad for the economy. It means people will earn less in the country over all, and pay more for foreign goods. It means less people will have jobs. It means inflation will be higher.

Just look up free trade. I know alot of people out there dont like free trade but thats because they are clueless as to the benefits of it.

Answer 3

^^^

Answer 4

Your welcome @lexikaylynn also can I get a medal and fan

Answer 5

thanks for medal