Tariffs that are imposed strictly to raise money for the government are ________.
A) revenue tariffs
B) quota tariffs
C) subsidy tariffs
D) union tariffs

Question

Quizplus · Accepted Answer

Revenue tariffs are taxes imposed on imported goods with the main purpose of generating income for the government. These revenues could be used to fund public services or pay off government debt. In contrast, quota tariffs limit the quantity of specified imports, subsidy tariffs provide financial assistance to domestic producers, and union tariffs are levied by a labor union to protect domestic workers from foreign competition.

Tariffs That Are Imposed Strictly to Raise Money for the Government