During the first 6 months of 2008, the United States imported 1,655,740,870 pounds of coffee. Suppose the United States is considering placing trade restrictions on the importation of coffee. If the United States has a goal of raising tax revenue from coffee imports, what policy should they pursue?

Question

Quizplus · Accepted Answer

A tariff on imported coffee would directly generate revenue for the government through taxes collected on the imported goods.

During the First 6 Months of 2008, the United States