As a Result of an Increase in Tariffs, Imports Decrease

question 200

True/False

As a result of an increase in tariffs, imports decrease and government revenue increases.

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Definitions:

Investment Account

An account held at a financial institution that contains securities, cash, and other investments owned by the account holder.

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends

Payments made by a corporation to its shareholders, typically from earnings, as a distribution of profits.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.