How to find tariffs
Help Questions
AP Macroeconomics › How to find tariffs
Questions 1 - 1
1
Tariffs are used for all of the following EXCEPT __________.
creating a more free and open market for the good being taxed
protecting domestic businesses
raising revenue on imports
decreasing the total amount of goods imported
restricting trade from foreign producers
Explanation
A tariff, also known as a "border tax", is a tax placed only on specific goods being imported into a country. A tariff can be used to restrict foreign imports, harm foreign producers in some way, protect domestic businesses, or raise additional revenue. What a tariff never does is open markets and promote absolute free trade.
AI TutorYour personal study buddy
Question of the DayDaily practice to build your skills
FlashcardsStudy and memorize key concepts
WorksheetsBuild custom practice quizzes
AI SolverStep-by-step problem solutions
Learn by ConceptMaster concepts step by step
Diagnostic TestsAssess your knowledge level
Practice TestsTest your skills with exam questions
GamesLearn through free games