a. What's a tariff?

Not to be doing your homework for you, but...

A. A tariff is basically a tax on imports coming into your country.

B. A true laissez-faire country wouldn't support tariffs. They believe in free trade. However, some more/less l-f countries do support use of tariffs if the country they are trading with has them, but they would do everything they could to get them to stop their tariffs (join a free trade agreement, etc.).

2006-11-01 08:04:52 · answer #1 · answered by joannaserah 6 · 1⤊ 0⤋

"Tariff" is another word for tax. Laissez-faire means that it doesn't interfere in the workings of business usually. A government can't provide services without funding, and taxes are the only way they can raise funds outside of things like foreign investment and acquiring more land.

Not to be doing your homework for you, but...A tariff is a tax on goods or services from one country on another to even the playing field or give the taxing country the advantage.

A. A tariff is basically a tax on imports coming into your country.

B. A true laissez-faire country wouldn't support tariffs. They believe in free trade. However, some more/less l-f countries do support use of tariffs if the country they are trading with has them, but they would do everything they could to get them to stop their tariffs (join a free trade agreement, etc.).

2006-11-01 16:08:30 · answer #2 · answered by Jimmy55529 2 · 0⤊ 1⤋

"Tariff" is another word for tax. Laissez-faire means that it doesn't interfere in the workings of business usually. A government can't provide services without funding, and taxes are the only way they can raise funds outside of things like foreign investment and acquiring more land.

2006-11-01 16:04:36 · answer #3 · answered by Mark S 5 · 0⤊ 0⤋

A tariff is a tax on goods or services from one country on another to even the playing field or give the taxing country the advantage.

2006-11-01 16:08:06 · answer #4 · answered by FrogDog 4 · 0⤊ 0⤋

4 answers