i need help with this question
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone!
maybe i can help dont knw
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Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right