Having recently found sources of oil on their own land, the infant nation of Lancerland enacted a tariff on imported petroleum in order to raise money for their new government. This trade restriction is an example of a(n) ________ tariff.
A) revenue
B) protective
C) percentage
D) fixed

Question

Quizplus · Accepted Answer

The tariff is being enacted to raise money for the government, not necessarily to protect their own domestically produced oil. Therefore, it is a revenue tariff.

Having Recently Found Sources of Oil on Their Own Land