Suppose representative smith delivers passionate speech

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Reference no: EM131686265

Suppose Representative Smith delivers a passionate speech at your college on tariffs. He argues tariffs are needed to:

1. Protect young industries

2. Encourage consumers to buy US-made products because it is patriotic

3. Protect US jobs and wages

4. Achieve a favorable balance of trade and balance of payments.

Do you agree with Representative Smith? Evaluate each of his major points and decide whether you consider them valid. Be sure to justify your position.

Reference no: EM131686265

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