Tariffs on imported products are imposed for which of the following reasons?Group of answer choicesTo assert political objectivesProtection of domestic industriesAll of the these are correctCollection of revenue

This is as a source of revenue for the government and for the protection of domestic producers. a. import Tariff b. Import Duty c. Customs Duty d. Import Tax e. All of the above

Import tariffs:Question 1Select one:a.Are generally pro-consumer and anti-producer.b.Reduce the overall efficiency of the world economy.c.Create efficient utilization of resources.d.Reduce the price of foreign goods.

Multiple Choice QuestionA country may attempt to protect its own domestic industries by imposing a(n) _____, a type of tax, on imported products.Multiple choice question.tariffembargotrade deficitimport quota

4. The prohibitive tariff is a tariff thatA) is so high that it eliminates imports.B) is so high that it causes undue harm to trade-partner economies.C) is so high that it causes undue harm to import competing sectors.D) is so low that the government prohibits its use since it would lose an important revenuesource.E) is so low that it causes domestic producers to leave the industry.

Tariffs are __________ by governments to make domestically produced goods more attractive and to raise revenue.*1 pointliftedputimposed