/ Quiz /

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

  • Question 8c 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 50% tariff on sugar to keep domestic sugar producers in business. Revenue tariff
  2. A 5% tariff on sugar to generate public revenue. Protective tariff
  3. A 500% tariff on sugar to reply to a high tariff imposed by another country. Retaliatory tariff

The correct answer is: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country.

      4 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *