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What are the reasons free trade exists?
Free trade allows goods and services to flow freely from country to country without the restrictions of tariffs. Some believe that is beneficial to the world as a whole.
What did clay believe would result from high tariffs?
clay believe that high tariffs helped all regions of the country , not just the north
Protectionism would be beneficial to a country Why or why not and explain your answer?
Protectionism is beneficial to a country because it protects a country's resources. It allows a country's resources to be used only for the benefit of the country's people.
What are the positive and negative effects of tariffs?
Tariffs, or taxes on foreign imports, can be helpful to a country's economy by blocking competition from other countries. However, often when one country places a tariff on foreign goods, the country places its own tariff on the first country. Tariffs are not appreciated by the country on which it is being placed.
What part of the country liked tariffs?
Tariffs worked mostly (and probably only) for the Northern states.
What is the difference between tariff and quota?
Tariffs are taxes, or the amount of money a country needs to pay for trading products. Quotas are the limitations on what is traded, how much is traded, how much is paid for each product traded,and where its traded. Tariffs are more beneficial to a country's economy because the amount of money paid for their products raises their country's GDP. Quotas aren't because they put limits on how much is paid, and that is what makes GDPs neutral.
What did Henry Clay thought the country would benefit from his?
He thought the country would benefit the American System. In the American System he wanted high tariffs and for the government to build roads and canals.
What Henry clay thought the country would benefit from his?
He thought the country would benefit the American System. In the American System he wanted high tariffs and for the government to build roads and canals.
What would be a likely long term benefit of a country imposing high tariffs on imported goods?
By making tariffs you support businesses and people to buy domestic goods that makes the country strongest and the goods that are necessary to import you make money on , go to http://bussinessmouse.googlepages.com
What is the main purpose of tariffs on imports?
Tariffs provide revenue for the country buying the imported goods. If a country wants to export goods to a country, they have to pay a tariff(tax) to be allowed to do so. China pays very low tariffs to the US on the goods they export to us.
Which part of the country was for tariffs?
At one point, the South was initially all for tariffs. They later changed their views because economic development did not progress as planned in that area of the country.
Why do high tariffs restrict international trade?
Tariffs are fees excised on goods coming into a country. As a result, traded goods cost more when there are high tariffs, and this limits their sale.
