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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
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2 Answers

5 votes

Answer:

false

Step-by-step explanation:

User Tariksbl
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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
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