Question
Which of the following barriers to trade would help a government raise revenue?
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
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
Answers
GPT-4o mini
The barrier to trade that would help a government raise revenue is:
**C. imposing a tariff on imported goods.**
Tariffs are taxes imposed on imported goods, and they directly generate revenue for the government. In contrast, embargoes and quotas do not provide revenue; embargoes prohibit trade and quotas limit the amount of goods, which can reduce overall trade and revenue.
**C. imposing a tariff on imported goods.**
Tariffs are taxes imposed on imported goods, and they directly generate revenue for the government. In contrast, embargoes and quotas do not provide revenue; embargoes prohibit trade and quotas limit the amount of goods, which can reduce overall trade and revenue.