The Basic Purpose of Revenue Tariffs Is To

question 84

Multiple Choice

The basic purpose of revenue tariffs is to:

• A)stabilize the prices of imported goods.
• B)raise the retail price of imported products to match or exceed those of similar domestic products.
• C)counter the effects of protective tariffs on the domestic market.
• D)raise funds for the importing government.

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Definitions:

Understory

The layer of vegetation in a forest that grows at a lower height than the forest canopy, consisting of small trees, shrubs, and groundcover plants.

Tropical Desert

A hot, dry biome found near the equator, characterized by sparse rainfall, extreme temperatures, and limited vegetation and wildlife.

Low Productivity

A condition where there is an inefficient level of output per input, such as labor or resources.

Humid Conditions

Environmental circumstances characterized by high levels of moisture in the air.