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Match each type of tariff with an example of its use.

  • Question 8b of 10 - Tariffs

  • Maximum Attempts: 1
  • Question Type: Matching
  • Maximum Score: 2
  • Question: Match each type of tariff with an example of its use.
  • Answers:
  1. A 6% tariff on oranges to provide money for the government. Revenue tariff
  2. A 50% tariff on oranges to shield domestic orange growers from international competition. Protective tariff
  3. A 200% tariff on oranges to reply to a high tariff imposed by another country. Retaliatory tariff

The correct answer is: Revenue tariff: A 6% tariff on oranges to provide money for the government; Protective tariff: A 50% tariff on oranges to shield domestic orange growers from international competition; Retaliatory tariff: A 200% tariff on oranges to reply to a high tariff imposed by another country.

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