Governments use ________ to help pay for the consequences of using a particular product or to make imports more expensive.

Question

Quizplus · Accepted Answer

Consumption taxes, such as excise taxes and tariffs, are typically used by governments to discourage the use of certain products, like tobacco or alcohol, and raise revenue to offset the costs associated with their use. Import tariffs, in particular, can make imported products more expensive and less competitive with domestic products, thereby protecting local industries and generating revenue for the government. Income taxes, property taxes, and value-added taxes are all used by governments for various reasons, but they are not specifically designed to address the issues mentioned in the question.

Governments Use ________ to Help Pay for the Consequences of Using