There Are Arguments for and Against the Use of Tariffs

question 99

Short Answer

There are arguments for and against the use of tariffs.What are the most likely reasons why a cattle-producing country like Argentina might have a tariff on the importation of beef?

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Definitions:

Market Value Ethics

A principle that considers ethical actions in the marketplace as those that maximize the value for all stakeholders involved.

Utilitarianism

is an ethical theory that suggests the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical Relativism

The belief that morality is relative to the norms of one's culture, meaning that what is considered moral in one society may be considered immoral in another.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.