Tariff Revenue Is an Important Source of Operating Revenue for Many

question 63

True/False

Tariff revenue is an important source of operating revenue for many governments of high income countries.

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Definitions:

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Liberty of Contract

A legal principle that individuals have the freedom to negotiate the terms of their own contracts without unnecessary interference by the government.

Robert M. La Follette

An American Republican and later a Progressive politician, U.S. Senator, and a co-founder of the Progressive Party, known for his advocacy of direct democracy, labor rights, and educational reforms.

Walter Lippmann

An influential American writer, reporter, and political commentator known for his works on media and public opinion.