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Are tariffs or limits on foreign imports a good idea? Custom Essay

    Tariffs and Limits Introduction The working economic dynamics of capitalistic economies are complex and easily affected by many aspects. Apparently, international trade is a delicate subject under the control of the World Trade Organization. As the world progresses and becomes a global village, the supply and demands for goods in any country must be monitored to ensure equilibrium is reached. However, given the nature of capitalistic countries, the government cannot just interfere with trade and trading practices because capitalistic forces control the market. Consequently, there are more saddle ways the government can monitor international trade.