There are two types of tariffs: a revenue tariff,designed simply to raise money for the government;and a protective tariff,which raises the price of imported goods to make the prices of domestic products more competitive.

Question

Quizplus · Accepted Answer

This statement correctly defines the two types of tariffs, distinguishing between a revenue tariff and a protective tariff.

There Are Two Types of Tariffs: a Revenue Tariff,designed Simply