Another two years later, you work for the same company but have relocated to the division headquarters in the country of Waffland. You are speaking with a coworker about the Wafflish economy, and what can be done to improve it.

Your coworker has a "Buy Wafflish!" bumper sticker, and asks you to sign a petition advocating the imposition of tariffs (i.e., import taxes) against these other countries. He even provides data from a trade association describing how its industry will save billions of Wafflish dollars if these policies are implemented. How would you respond?

Select one:

a.

Your coworker's position is confusing, since the tariffs will harm the industry despite what its trade association may say. Tariffs always harm domestic industries while bringing a greater overall benefit to domestic consumers.

b.

Whether the tariffs are beneficial is uncertain, but the added information of the benefit to the industry suggests that the policies will lead to overall economic gain.

c.

The tariffs will benefit the country overall since they will prevent cheap imports, but the domestic industry will likely only save a small fraction of what its data says.

d.

The industry may indeed "save" billions with these policies, but the harm imposed on Wafflish consumers will be even greater. The policies will lead to overall economic harm, not benefit.