How Are Tariffs on Oil Different from Tariffs on Solar

question 30

Multiple Choice

How are tariffs on oil different from tariffs on solar panels and washing machines?

• A) Protective tariffs are designed simply to raise money for the government, such as the tariff on oil. Revenue tariffs are designed to raise the price of imported goods to make the prices of domestic products more competitive, such as the tariff on solar panels and washing machines.
• B) Revenue tariffs are designed simply to raise money for the government, such as the tariff on solar panels and washing machines. Protective tariffs are designed to raise the price of imported goods to make the prices of domestic products more competitive, such as the tariff on oil.
• C) Revenue tariffs are used to set the import quota, such as the tariff on oil. Protective tariffs are used to deter dumping, such as the tariff on solar panels and washing machines.
• D) Revenue tariffs are used to deter dumping, such as the tariff on oil. Protective tariffs are used to set import quotas, such as the tariff on solar panels and washing machines.
• E) Revenue tariffs are designed simply to raise money for the government, such as the tariff on oil. Protective tariffs are designed to raise the price of imported goods to make the prices of domestic products more competitive, such as the tariff on solar panels and washing machines.

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Definitions:

Calcitonin

A hormone produced by the thyroid gland that helps regulate calcium levels in the blood by reducing the calcium and phosphate levels in the blood.

Adipose Tissue

A type of body tissue that stores fat, serving both as a source of energy and as a form of insulation for the body.

Liver

A vital organ in vertebrates and some other animals which plays a key role in metabolism, detoxification, and various other bodily functions.

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by promoting glycogen breakdown and glucose release by the liver.