Match each type of tariff with an example of its use.

Business

1 answer:

Anna35 [415]3 years ago

6 0

a. revenue tariff----------------a 6% tariff on oranges to provide money for the government.

Revenue tariff alludes to a set of rates planned for expanding public revenue. It can likewise be said as a tax exacted on import and fare to fund-raise for the government. Revenue tariff is any schedule or arrangement of rates or changes that are proposed to create income for the government.

b. protective tariff---------a 50% tariff on oranges to shield domestic orange growers from international competition.

Protective tariffs are tariffs that are established with the point of ensuring a domestic industry. Tariffs are likewise forced keeping in mind the end goal to raise government income, or to decrease a bothersome action. In spite of the fact that a tariff can all the while secure household industry and procure government income, the objectives of assurance and income augmentation recommend distinctive duty rates, involving a trade off between the two points.

c. retaliatory tariff-----------a 200% tariff on oranges to reply to a high tariff imposed by another country.

Retaliatory tariff refers to a tariff imposed as a methods for constraining a foreign government and expected to urge the give of correspondence benefits.

Retaliatory tariff is a tariff imposed to pressure another nation into evacuating its own tariffs or making exchange concessions.

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