Tariffs on imported products are imposed for which of the following reasons?
A) Collection of revenue
B) Protection of domestic industries
C) To assert political objectives
D) All of the these are correct

Question

Quizplus · Accepted Answer

Tariffs on imported products are imposed for various reasons, including collection of revenue, protection of domestic industries from foreign competition, and to assert political objectives. Therefore, option D, which states that all of the above reasons are correct, is the best choice.

Tariffs on Imported Products Are Imposed for Which of the Following