Tariffs
A) generate revenue for consumers.
B) generate revenue for the government.
C) encourage domestic consumers to buy more imports.
D) encourage domestic producers to produce less.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods and services. They are a source of revenue for the government that imposes them. Tariffs make imported goods more expensive, thereby encouraging consumers to buy domestically produced goods instead.