An Import Tax Whose Main Purpose Is to Provide Revenue

question 69

Multiple Choice

An import tax whose main purpose is to provide revenue to the government is called a(n)

• A)export subsidy.
• B)per-unit tax.
• C)revenue tariff.
• D)income tax.
• E)value-added tax.

Determine the economic effects of government interventions, such as taxes and subsidies, on market outcomes.

Calculate the revenue generated from taxes imposed on goods and services.

Understand the burden distribution of taxes between producers and consumers.

Analyze the effect of subsidies on consumer and producer surplus and on governmental expenditures.

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