A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ________; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a(n) ________ tariff.

Question

Quizplus · Accepted Answer

There are two types of tariffs: One is a protective tariff, which is intended to raise the price of imported goods to make the prices of domestic products more competitive. The other, a revenue tariff, is designed simply to raise money for the government, such as a tax on all oil imported into the United States.

A Tax on Automobiles Imported into the United States That