Tariffs That Are Imposed Strictly to Raise Money for the Government

question 76

Multiple Choice

Tariffs that are imposed strictly to raise money for the government are ________.

• A) revenue tariffs
• B) quota tariffs
• C) subsidy tariffs
• D) union tariffs

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Definitions:

Countervailing Duties

Tariffs levied on imported goods to offset subsidies made to producers of these goods in their home countries.

General Agreement

A broad contract or understanding between parties that outlines the terms and conditions of their relationship or agreement.

Imported Lumber

Refers to wood that has been sourced from another country and then brought into a domestic market for use or sale.

Tax Treatment

The specific way tax laws apply to various types of income, expenses, and investments.