What is the basic purpose of revenue tariffs?
A) to raise money for the country into which the products are being imported
B) to raise the retail prices of imported products to match or exceed those of similar domestic products
C) to counter the effects of protective tariffs on the domestic market
D) to stabilize the prices of imported goods

Question

Quizplus · Accepted Answer

Revenue tariffs are primarily designed to generate income for the government of the importing country by imposing taxes on imported goods.

What Is the Basic Purpose of Revenue Tariffs