I need a response from my discussion question that was answered. My professor asked me a follow up question posted at the very bottom of the paragraph. RE: Unit III Discussion Board QuestionThe import tariff is a duty imposed on products and services acquired from other nations into America. The tariff has efficiently served the country by ensuring that the domestic industries have prospered. The import duties put a limitation on the number of products and services that organizations can acquire from other nations. The tariffs, therefore, discourage people and companies from importing products which makes them purchase from the domestic industries. On the other hand, the implementation of the tariff ensures that the use of available resources in America is done so that the local industries have an opportunity to deliver quality products and services (Carbaugh, 2013). Also, through sales, the industries acquire enough funds that promote expansion in the future of their operations. Most of the people and firms that import products have identified nations that offer them at lower prices as compared to those provided by the local industries. However, the increment on the import tariff enables buyers to use those products from the domestic industries.ReferencesCarbaugh, R. J. (2013). International economics (14th ed.). Mason, Ohio: South-Western.Please response to this question concerning top paragraph….only have to be a few sentences. You argued that tariff ensures that domestic industries are encouraged to offer their products at lower prices. Can you explain why that is the case? Also, how does it affect job creations in the U.S.?
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