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The deficits in the budgets and the real expenses corresponding to the real revenue or real earnings per financial year

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Sri Lanka Association for the Advancement of Science

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Why did government pass tariffs?

the government passed tariffs to raise taxes


Why In 1833 South Carolina threatened to secede from the Union if?

Congress continued to raise protective tariffs.


What is a reason why revenue tariffs are levied?

to raise money


Why did the south not want tariffs?

It would raise prices.


Most tariffs in the 19th century were intended to?

Most tariffs in the 19th century were intended to raise revenue and protect domestic manufacturing


Tariffs lower the price of foreign goods?

No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.


The tariffs would raise money for the government and protect American industries from foreign competition. Who opposed the tariffs and why ?

The south because they had little industry .


Why did farmers oppose tariffs?

Why did farmers oppose tariffs? Tarrifs would raise the proces for their goods & they worried that they would not make as much profit. By Kenny A.


In 1833 South Carolina threatened to secede from the Union?

Congress continued to raise protective tariffs.


High tariffs raise the prices of ________, making ________ more attractive to the consumer.?

imported goods; domestic products


In the Mid 1800's which group was least likely to support tariffs?

In the mid-1800s, Southern planters and farmers were least likely to support tariffs. They relied heavily on imported goods and were concerned that tariffs would raise prices on these items, while also harming their export markets, particularly for cotton. Additionally, they believed that tariffs disproportionately benefited Northern industrialists at their expense.


What purposes do tariffs serve?

Tariffs are fees or taxes collected on imported goods. They serve as a source of revenue and also have the effect of raising the prices of such imported goods thus making similar internally produced goods more attractive . They also tend to decrease the overall volume of the imports to which the tariffs are applied and this may help with a balance of payments problem.