Assignment:
Essay
Instructions
After you read, what would be your arguments for supporting tariffs? Under what circumstance(s) would you not support tariffs? Address the concepts below within your essay submission.
1. Define specific tariff, ad valorem tariff, and compound tariff.
2. Explain how a tariff affects the welfare of a small importing country and a large importing country.
3. Your essay should be comprised of the sections listed below.
Introduction: Provide a brief summary of tariffs, and include one sentence that identifies if you support tariffs or not.
Discussion: Provide a brief summary of two selected articles by comparing and contrasting how large and small importing countries are affected by tariffs. Then, state briefly your position in light of each of the articles. The online databases listed below are recommended in order to find articles that can be used to complete this essay.
o Business Source Complete
o ABI/INFORM Collection
Conclusion: Summarize the main results, and provide policy recommendations based on them.
Your APA-style essay should be a minimum of 500 words in length, not counting the title and reference pages. You are required to use a minimum of two sources (the articles you selected) from the CSU Online Library. You may also use the course textbook to support your essay assignment. All sources used, including the textbook, must be referenced; paraphrased material must have accompanying in-text citations.
Textbook:
Carbaugh, R. J. (2017). International economics (16th ed.). Boston, MA: Cengage Learning.