A_______ tariff is designed to raise the price of imported products so that domestic goods are more competitively priced.
A)progressive
B)revenue
C)protective
D)restrictive

Question

Quizplus · Accepted Answer

A protective tariff is intended to protect domestic industries from foreign competition by increasing the price of imported goods, making domestic products more attractive to consumers. By contrast, a revenue tariff is simply a tax that generates revenue for the government and has no specific aim of protecting domestic industries. A progressive tariff refers to a system in which the tariff rate increases as the value of the imported goods increases, while a restrictive tariff is designed to reduce the overall level of imports.

A_______ Tariff Is Designed to Raise the Price of Imported