Question

A "tariff" on imported products is an example of a trade barrier that is always preferred to the free trade, because it generates government revenues in addition to restricting the amounts of imports.
A. True
B. False

Answer 1

Answer:

The answer is true

Explanation:

One of the most common trade barriers is a tariff. Tariff is a tax imposed by the government on imported goods and services. Imposing tariffs on imported goods and services raise their prices.

Imposing tariff on imported goods can either be done to raise government revenue or to protect indigenous companies.