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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?
Wiki User
∙ 14y ago
Revenue tariff - Earn Money for the Government
Protective Tariff - Help domestic producers
Retaliatory tariff - engage in a trade war
Wiki User
∙ 14y ago
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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
What government payment helps domestic producers compete with a foreign firms?
Subsidies
What is the purpose of government subsidy?
To protect domestic producers against international competition
Why do tariffs result in benefits for domestic producers but costs for domestic consumers?
They just do
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.
A 50 percent tariff on sugar to keep domestic sugar producers in business?
Protective tariff... Apex :)
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
What is the purpose of government subsidy?
To protect domestic producers against international competition
What government payment helps domestic producers compete with a foreign firms?
Subsidies
Which is an example of a government policy that protects domestic producers against international competition?
Subsidies
A government policy that protects domestic producers against international competition?
subsidies
What best states the purpose if a government subsidy?
To protect domestic producers against international competition.
What is the purpose of Subsidies?
To protect domestic producers against international competition
Why do tariffs result in benefits for domestic producers but costs for domestic consumers?
They just do
What is intended to protect domestic industry?
PROTECTIVE tariff
In effect tariffs on imports are?
subsidies for domestic producers
