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Tariffs on Imports
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Problem 10
Tariffs on Imports
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9. International Trade / Tariffs on Imports / Problem 10
Problem 10
What is the main difference between revenue tariffs and protective tariffs?
A
Revenue tariffs aim to generate government revenue, while protective tariffs aim to protect domestic industries.
B
Both types of tariffs aim to increase consumer surplus.
C
Revenue tariffs aim to protect domestic industries, while protective tariffs aim to generate government revenue.
D
Both types of tariffs aim to decrease producer surplus.
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