International Trade (part 3) - The Effects of Tariffs on the Economy

Marty Mazorra illustrates the impact protectionism (by way of tariffs) has on the consumer and the economy in general... Go to betweenthelines.us for more...

Category:

News & Politics

Tags:

• Tariffs
• trade
• international trade
• protectionism
• consumer surplus
• producer surplus
• dead weight loss
• economy
• economics

[martysview1]

"will protectionism cause any war?" ?? I'll say free markets clearly promote peace...

[kartercountry1]

tarriffs are not a bad idea. they need to be in place but they need to be based on hourly pay rates. so that we stop slave labor. allowing the businesses to outsourcing in order to make a larger profit and avoid taxation in wrong.

[princesslara111]

I never knew about that law. It makes me sad.

[mildcheryl]

now I understand it better.

[pierreme1]

will protectionism cause any war? 

[julesdeak1]

wow the illustration makes it easier to understand this kind of topic.

[elenmirr]

Thanks for sharing your knowledge. Will definitely check your site.