Good job, KirbBoi! That’s important stuff, even if it is only tangentially related to civics. It’s only because the general electorate is economically illiterate that politicians can get away with so much garbage.
For example, if you understand the law of supply and demand, you can predict that imposing tariffs will cause prices to rise, because supply will be restricted while demand is unchanged. It doesn’t even matter “who pays.”
Good job, KirbBoi! That’s important stuff, even if it is only tangentially related to civics. It’s only because the general electorate is economically illiterate that politicians can get away with so much garbage.
For example, if you understand the law of supply and demand, you can predict that imposing tariffs will cause prices to rise, because supply will be restricted while demand is unchanged. It doesn’t even matter “who pays.”
Thanks! Tariffs also can cause political tension, right?
We have been living in a historically low tariff (free-trade) period up to now. High prices may be caused by other factors like shipping and distribution costs, or it could simply be another case of the law of supply and demand. Do you have any particular products in mind?
I personally believe tariffs on imported goods are helpful to an extent because they encourage American business, but some of those tariffs have been lowered over time, which makes most people more inclined to buy cheap goods from China and some other places instead of supporting American manufacturing.
Personally, I believe that “Tariffs Not Only Impose Immense Economic Costs but Also Fail to Achieve Their Primary Policy Aims and Foster Political Dysfunction Along the Way,” but let’s try to steer clear of politics and stick to the education angle.
That's crazy 
If you remember where it is you are free to use it lol
