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The purpose of a revenue tariff is to earn money for the govrnment.

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Xio Gonz

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4y ago

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The purpose of a protective tariff?

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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.


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


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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?

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What is one similarity between a protective tariff and revenue tariff?

Both protective and revenue tariffs are applied for two reasons. First of all, they can be used to make foreign products more expensive than the ones produced in the homeland. Second, tariffs have a side purpose of making money. Some overseas merchants may consider the tariff a necessary evil to trade in the country, and pay the tariff. In both cases, the tariffs serve to bring in additional revenue to the country.


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