What Is the Basic Purpose of Revenue Tariffs

question 173

Multiple Choice

What is the basic purpose of revenue tariffs?

• A) to raise money for the country into which the products are being imported
• B) to raise the retail prices of imported products to match or exceed those of similar domestic products
• C) to counter the effects of protective tariffs on the domestic market
• D) to stabilize the prices of imported goods

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Definitions:

Charter of Rights and Freedoms

A foundational legal document in Canada that protects individual rights and freedoms from actions and policies of all levels of government.

Common Law

The body of law derived from judicial decisions and customs, as opposed to statutes or written legislation.

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The body of past judicial decisions from courts establishing legal precedents for future cases.

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The process of discussing something with another party to reach a mutually agreeable outcome or deal.