Which of the following barriers to trade would help a government raise revenue?

Question

A.
embargoing all goods from another country

B.
imposing a quota on certain types of goods

C.
imposing a tariff on imported goods

D.
embargoing trade in certain types of goods

Answer 1

C. imposing a tariff on imported goods

A tariff is a tax levied on imported goods, and it generates revenue for the government. In contrast, an embargo (A and D) prohibits trade and does not generate revenue, while a quota (B) limits the quantity of goods that can be imported but does not directly generate revenue for the government.