Do Tariffs help us to maintain a favorable balance of trade and balance of payments?

Answer 1

What do you think? What is the purpose of tariffs? We'll be glad to critique your answer.

Answer 2

tarrifs are used to controll imports and allow production to adjust to consumer demand

Answer 3

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

Answer 4

Perhaps you should read Chapter 3 and find out! ;)

Answer 5

do you feel tariffs helps us to maintain a favorable balance of trade and balance payments?

Answer 6

Why be rude when someone is asking for help?