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- AT HOME
- BREAKING NEWS! The GOVERNMENT (of the importing country) has just imposed new tariffs and they are quite high! The consequences falls indirectly onto you, the people!
- Why are tariffs imposed?
- So what happens when tariffs are high?
- Tariffs are imposed in effort to promote the economy of the nation above all other economies.
- Class is over, find out for homework!
- But the bell rang
- OH
- Protecting Domestic Employment : When tariffs are high, companies will important less items. Because of this, countries will start producing in their own countries. This will help in generating employment.
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