If the government decides to impose a new tariff on orange juice from Brazil,the tariff would lead to ________ the tariff revenue collected by the U.S.government.

Question

Quizplus · Accepted Answer

Imposing a new tariff on orange juice from Brazil would increase the tariff revenue collected by the U.S. government. Tariffs are taxes imposed by the government on imports and exports. The purpose of tariffs is to restrict the flow of goods from foreign countries and protect domestic industries. In this case, the new tariff on Brazilian orange juice would make it more expensive for U.S. consumers to buy Brazilian orange juice and would make U.S.-produced orange juice more competitive. As a result, the demand for U.S.-produced orange juice would increase, leading to higher sales and profits for U.S. producers, and the U.S. government would collect more tariff revenue.

If the Government Decides to Impose a New Tariff on Orange