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kakasveta [241]
3 years ago
15

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.
Social Studies
1 answer:
faust18 [17]3 years ago
6 0
<h3><u>Answer:</u></h3>

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 <u>protective tariff</u>; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is <u>Revenue tariff.</u>

<h3><u>Explanation:</u></h3>

<u>Protective tariff:</u>  

  • Protective tariff is understood by the tariffs that are enacted by the government with a motive to promote and protect the domestic industries.
  • In protective tariff, government allocates higher tax rate for the products that are imported from foreign countries when the same product is produced in the country.
  • This helps the domestic industries to compete with the foreign industries.
  • Government also can provide protection to domestic industry as well as collect more revenue due to this tariff.

<u>Revenue tariff:</u>

  • Revenue tariff is the tariff imposed with a motive to collect revenue by the government.
  • By imposing revenue on imports and exports, government collects revenue which can be used in development, service and defense of the country.
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