If a protective tariff is placed on an imported product, the added cost will go to the government.

Name: If a protective tariff is placed on an imported product, the added cost will go to the government.
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Question

Quizplus · Accepted Answer

The goal of protective tariffs is to raise the retail price of imported products so that domestic products will be more competitive. Revenue tariffs are designed to raise money for the government.

If a Protective Tariff Is Placed on an Imported Product