In Addition to Protection, Tariffs Serve to ________

question 11

Multiple Choice

In addition to protection, tariffs serve to ________.

• A)generate revenue
• B)subsidize exports
• C)subsidize imports
• D)increase consumption

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Definitions:

Automobiles

Motor vehicles with four wheels designed primarily for passenger transportation on roads.

Simple Interest

Interest computed solely on the initial amount of a loan or deposit, not taking into account the effects of compounding.

Annual Raises

Incremental increases in salary or wages that employees receive on a yearly basis as a reward for performance and/or to keep up with inflation.

Annual Salary

The total amount of money that an employee is paid annually by their employer for their job duties.