1 List and discuss the four 4 arguments that have ever been

1. List and discuss the four (4) arguments that have ever been advanced in favor of tariffs that even in principle may have some validity. (The Case for Free Trade Article)

Solution

Tariff acts as an insrument for revenue for government.

It service as a protective measure for doemstic production. Thus a protective pllicy by increasing price of import.

Increases balance of payment by decreasing import and increasing net Export.

It Encourage Research And Development Activities within the country. They create favourable atmosphere for industrial development and generation of employment opportunities.