Which of the following is often used to raise revenue for a country and/or to protect domestic products?

Question

Quizplus · Accepted Answer

An import tariff is a tax imposed by a country on imported goods. Its purpose is often to raise revenue for the country, but it can also be used as a protectionist measure to make imported goods more expensive and less competitive with domestically produced goods. Quotas and embargoes are also protectionist measures, but they do not directly raise revenue for the country. Warning labels and exchange controls are not related to raising revenue or protecting domestic products.

Which of the Following Is Often Used to Raise Revenue