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a tariff is a duty or duties imposed by a government on imported or exported goods (a schedule of prices or taxes)

they can restrict trade by causing the price of goods to rise making them more expensive and so less attractive to prospective buyers

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13y ago

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How might a country react to another country's protective tariff?

Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.


What is tariff and why does the government use it sometimes?

A tariff is a tax imposed by a government on imported goods and services. Governments use tariffs to protect domestic industries from foreign competition, generate revenue, and influence trade balances. By making imported goods more expensive, tariffs can encourage consumers to buy locally produced products. Additionally, tariffs can be used as a tool in trade negotiations or to respond to unfair trade practices by other countries.


What are tariff taxes and how are they used by the government?

The tax of imported goods and services is called Tariff. This is imposed to control or limit trades and as a source of revenue or income for governments.


What is a a and why do governments sometimes use them?

To increase revenue and to make the items made in your locale more attractive governments will place a tax on imports.


What is the governments influence in hospitals?

Governments generally oversee the proper care of patients and safe use of equipment. Regulations are sometimes burdensome, but they are necessary.


What is the meaning of tariff?

A tariff is a list - either of taxes and duties, or of services and charges. A table of tax-rates would be a tariff, as would a restaurant menu. umm that sucks!


Is there any disadvantage to government placing tariff on imported goods?

There are several disadvantages to governments placing tariffs on imported goods. For example, countries may not want to import goods if they have to pay a tariff, and this process raises prices for consumers.


what is a tax use to regulate trade?

a tariff


How would you use tariff in a sentence?

During the Tea Act, colonists were forced to pay a tariff on the tea that they bought.


Who can you use the word tariff in a sentence?

During the Tea Act, colonists were forced to pay a tariff on the tea that they bought.


How do governments change?

Well governments sometimes change because of the voting. Thats all i know :)


Match each type of tariff with an example of its use. A.Revenue tariff A 50 tariff on sugar to keep domestic sugar producers in business B.Protective tariff b A 5 tariff on sugar to generate public?

A revenue tariff is exemplified by a $5 tariff on sugar to generate public revenue, as it aims to raise funds for the government. In contrast, a protective tariff is represented by a $50 tariff on sugar to keep domestic sugar producers in business, as it is designed to shield local industries from foreign competition.