Which of the following is a device that controls imports and generates government revenue?

Name: Which of the following is a device that controls imports and generates government revenue?
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods and services. They are used by governments to control the amount of imports entering a country and to generate revenue. Tariffs can make imported goods more expensive, thus protecting domestic industries from foreign competition.

Which of the Following Is a Device That Controls Imports