What would be your arguments for supporting tariffs? Under what circumstance(s) would you not support tariffs? Address the concepts below.

• Define specific tariff, ad valorem tariff, and compound tariff.
• Explain how a tariff affects the welfare of a small importing country and a large importing country.
• Introduction: Provide a brief summary of tariffs, and include one sentence that identifies if you support tariffs or not.
• Discussion: Provide a brief summary of two selected articles by comparing and contrasting how large and small importing countries are affected by tariffs. Then, state briefly your position in light of each of the articles. The online databases listed below are recommended in order to find articles that can be used inessay.
  • Business Source Ultimate
  • ABI/INFORM Collection
• Conclusion: Summarize the main results, and provide policy recommendations based on them.

Minimum of two sources.