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

Question

Quizplus · Accepted Answer

Revenue tariffs are imposed to earn revenue for the government. They are not intended to restrict the imports and provide protection to domestic industries (protectionist) or to limit the quantity of imports (quota). Union and subsidy are not relevant to the concept of tariffs.

Tariffs That Are Imposed Strictly to Raise Money for the Government