The two basic types of tariffs are
A) goods and services.
B) general and limited.
C) comparative and absolute.
D) revenue and protective.

Name: The two basic types of tariffs are A) goods and services. B) general and limited. C) comparative and absolute. D) revenue and protective.
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Question

Quizplus · Accepted Answer

Revenue tariffs are designed to generate income for the government, while protective tariffs are used to restrict or discourage the import of foreign goods in order to protect domestic industries.

The Two Basic Types of Tariffs Are