Question

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ________; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a(n) ________ tariff. Multiple Choice protective tariff; revenue revenue tariff; protective quota tariff; revenue embargo agreement; income import barrier; income

Answer 1

Answer: the answer is B

Explanation:

Answer 2

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a Protective Tax; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a Revenue tariff.

Explanation:

The protective tax levied by the Federal Government aims at attracting the US citizens to buy the cars manufactured by the local automobile industries. It can also ensure the quality of goods which cannot be compromised with the car manufactured with the raw materials imported from the neighboring country like Mexico.

Import tariffs are included in the Revenue tariff. Such Revenue tariff are collected through the trade of imported oil all used for raising revenue which can also be used for social welfare purposes and also paves the way for boosting oil firms in the US regions.