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 above

Question

Quizplus · Accepted Answer

Tariffs on imported products can be imposed for any or all of the reasons listed in the options. They can be imposed to collect revenue, protect domestic industries from foreign competition, or to assert political objectives such as national security. Therefore, the correct answer is D - All of the above.

Tariffs on Imported Products Are Imposed for Which of the Following