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How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
What is the purpose of the Economy 7 tariff?
The purpose of the Economy 7 tariff was to provide a cheaper alternative to electricity for residents in the United Kingdom. With this offer, residents would get a 20 percent cheaper rate than average.
Difference between tariff and non-tariff barriers?
The purpose of both tariff and non tariff barriers is same that is to impose restriction on import but they differ in approach and manner.Tariff barriers ensure revenue for a government but non tariff barriers do not bring any revenue. Import Licenses and Import quotas are some of the non tariff barriers.Non tariff barriers are country specific and often based upon flimsy grounds that can serve to sour relations between countries whereas tariff barriers are more transparent in nature.
Which is the purpose of a retaliatory tariff?
A retaliatory tariff is a tax that is imposed by one country because another country increased their tax rate. This is an act that is done in retaliation.
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
The purpose of a protective tariff?
tax
What purpose does a tariff serve?
The purpose of a revenue tariff is to earn money for the govrnment.
What is a purpose of a revenue?
The purpose of a revenue tariff is to earn money for the govrnment.
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
What is the purpose of internal mobility?
need and purpose of internal mobility
The purpose of a protective tariff is to?
protect home industries from foreign competition
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
What is the purpose of the Economy 7 tariff?
The purpose of the Economy 7 tariff was to provide a cheaper alternative to electricity for residents in the United Kingdom. With this offer, residents would get a 20 percent cheaper rate than average.
Was South Carolina justified in wanting to nullify the tariff?
he felt that congress had no right to purpose a tariff that only pin pointed one part of the country.
The main purpose of the moderate tariff that hamilton proposed in his report on manufactures was to?
mhm
What role did the west play in such crucial issues of the period as the tariff internal improvements and the expansion of slavery?
gat
What were the 3 political issues during the Era of Good Feelings?
Missouri Compromise Tariff of Abominations Internal Improvements
