59.6k views
2 votes
A revenue tariff is designed to assist more efficient domestic producers, whereas a protective tariff is designed to promote imports.

Question 48 options:
True
False

User HussienK
by
8.0k points

2 Answers

5 votes

Answer:

false

Step-by-step explanation:

User Tariksbl
by
8.6k points
3 votes

Answer:

False

Step-by-step explanation:

A revenue tariff is a tax imposed on goods and services to raise revenue for the government. The tariff is levied on imports as a percentage of the value of imported goods. Other taxes imposed by governments for purposes of collecting revenue may also be referred to as revenue tariff.

A protective tariff is a tax imposed on imports to protect domestic industries from unfair competition from imports. The tax makes imports expensive and in the domestic markets.

A protective tariff purpose is to discourage imports.

User Madhurendra Sachan
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories