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e-lub [12.9K]
3 years ago
13

A revenue tariff is designed to assist more efficient domestic producers, whereas a protective tariff is designed to promote imp

orts.
Question 48 options:
True
False
Business
2 answers:
valina [46]3 years ago
7 0

Answer:

False

Explanation:

A revenue tariff is a tax imposed on goods and services to raise revenue for the government. The tariff is levied on imports as a percentage of the value of imported goods. Other taxes imposed by governments for purposes of collecting revenue may also be referred to as revenue tariff.

A protective tariff is a tax imposed on imports to protect domestic industries from unfair competition from imports. The tax makes imports expensive and in the domestic markets.

A protective tariff purpose is to discourage imports.

kumpel [21]3 years ago
5 0

Answer:

false

Explanation:

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3 years ago
ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a ______.
MrMuchimi

If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:

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Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:

ABC journal entry

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