Question

Do Tariffs help us to maintain a favorable balance of trade and balance of payments?
Ms. Sue
What do you think? What is the purpose of tariffs? We'll be glad to critique your answer.
c
tarrifs are used to controll imports and allow production to adjust to consumer demand
Ms. Sue
Right. Do you think they help us maintain a balance of trade and a balance of payments?

These sites should help you answer that question.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=513761

http://en.wikipedia.org/wiki/Trade_surplus

http://en.wikipedia.org/wiki/Tariff
Z
Perhaps you should read Chapter 3 and find out! ;)
tim
do you feel tariffs helps us to maintain a favorable balance of trade and balance payments?
Tash
Why be rude when someone is asking for help?