Responding to pressure from political lobbyists representing the steel industry,the Canadian government levies a tax on steel products imported from Europe.This is an example of a(n):
A)protective tariff.
B)revenue tariff.
C)quota.
D)embargo.

Question

Quizplus · Accepted Answer

A protective tariff is enacted to protect domestic industries from foreign competition. In this case, the Canadian government is protecting the domestic steel industry by levying a tax on imported steel products from Europe, in response to lobbying efforts from the steel industry.

Responding to Pressure from Political Lobbyists Representing the Steel Industry,the