An import tax whose main purpose is to provide revenue to the government is called a(n)

Name: An import tax whose main purpose is to provide revenue to the government is called a(n)
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

A revenue tariff is a tax on imported goods that is designed to generate revenue for the government. It is not intended to affect the competitiveness of domestic industries or to influence international trade relations. The other options listed are not relevant to the concept of an import tax for revenue purposes.

An Import Tax Whose Main Purpose Is to Provide Revenue