Which policy for restricting trade would be most attractive to a country that is imposing a trade restriction in an effort to raise as much government revenue as possible to cover government expenses?

Question

Quizplus · Accepted Answer

An ad valorem tariff generates revenue based on the value of imports. A 10% tariff on a $100 product would generate $10 per unit, and with 200,000 units imported, it would raise $2,000,000 in revenue, which is likely more than the revenue from the specific tariff or quotas.

Which Policy for Restricting Trade Would Be Most Attractive to a Country