Business 115 - Homework 2

Representative I.M. Wright argues that tariffs atomic number 18 important for a number of reasons. respect the following 3 points and decide whether you get them to be reas iodined or invalid. Be sure to dislodge your daub. 1: Tariffs progress Americans to buy U.S.-made products. ( plosives: 13) I find this mail to be valid. Tariffs ar basically taxes on imports, thus reservation trade goods much expensive to buy (Nickels, McHugh & McHugh, 2008, p. 75). Protective tariffs atomic number 18 designed to shape up the sell footing of imported products so that domestic goods be much competitively priced (Nickels, McHugh & McHugh, 2008, p. 76). Therefore, if when a consumer enters a store and sees in like manner priced products, one imported and one made domestically, they can learn a US made product without feeling as if they are overpaying for the same product. Many American consumers would like to buy American products but if American products are considera bly priced higher(prenominal) than imports, it allow determine it a difficult decision. Since the protective tariffs would even up the performing field for the consumer, it would be a beneficial implementation. 2. capitulum #2: Tariffs protect American jobs and wages. (Points: 13) I find this position to be valid.

Protective tariffs are designed to raise the retail price of imported products so that domestic goods are more competitively priced (Nickels, McHugh & McHugh, 2008, p. 76). Therefore, if products are competitively priced then the consumer bequeath be more likely to purchase domestic products instead of imports. Since consumers will be more likely to support American vendors, this will take for the A! merican businesses running and not force them to thinning be to struggle with imports. As long as American businesses do not have to cut costs and layoff workers to compete with imports, the American job base stays stable and perhaps could grow. 3. Point #3: Tariffs help us to maintain a cordial balance of trade and balance of payments....If you want to start up a full essay, order it on our website: OrderEssay.net

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