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

---

Definitions:

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the frequency of data within bins.

Observations

Data points or values collected through measurement or research in a study.

Modal Class

The category or interval in a set of data with the highest frequency, often used in analyzing categorical or grouped numerical data.

Histogram

A graphical representation of data using bars of different heights, where each bar groups numbers into ranges, showing the frequency of data within each range.