Define tariff and the different types of tariffs


Discussion:

Focuses heavily on tariffs and non-tariff trade barriers. For this assignment, you are asked to prepare a minimum 500-word essay discussing the following content:

• Define tariff and the different types of tariffs.

• Identify and discuss the major nontariff barriers to trade. • Justify the use of trade barriers.b

• Using a real life example, explain the effects tariffs and other trade barriers have had on social welfare in a country of your choosing.

• Identify any unfair trade practices that have been reported in your chosen country, if any.

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Microeconomics: Define tariff and the different types of tariffs
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