Asked by
Julie Wright
on Nov 03, 2024
Verified
A revenue tariff is designed to generate income for citizens.
Revenue Tariff
A tax imposed on imported goods primarily for generating government revenue rather than protecting domestic industries.
Generate Income
The process of creating revenue or earnings through various sources such as work, investments, or business activities.
- Describe the function and types of tariffs and their impact on trade.
Verified Answer
TC
Learning Objectives
- Describe the function and types of tariffs and their impact on trade.