What Is a Tariff? Explain the Reason for Removing Tariffs

question 58

Essay

What is a tariff? Explain the reason for removing tariffs and the effects of governments raising tariff barriers. Then explain whether you believe tariffs are wise in most cases.

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Definitions:

Retain

To keep or continue holding, possessing, or maintaining something or someone.

Ethical Issue

A situation or problem that requires an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Recognize

To identify or acknowledge somebody or something as being a certain way or having certain characteristics.

Difficult

Describes a situation, task, or problem that is hard to solve, challenging to overcome, or complex in nature.