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Tariffs go to the government that impose them. For example; if the USA imposed a tariff on Iphones made and brought to the USA from China, the US government gets the money, which is usually a percentage of the product price, or some variation of that strategy. Bad news is that our government misuses the money.
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How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?
Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"
What was the high tariff to limit foreign competition?
A high tariff to limit foreign competition is called a protective tariff.
He signed the highest tariff in us history?
Yes, he did.
What was the tariff of 1857?
The tariff of 1857 lowered considerably the Walker Tariff of 1846 to an average of 17%. It lasted for three years until it was raised by the Morrill Tariff of 1861.
What was the name of the high tariff adopted in 1890?
The McKinley Tariff
What purpose does a tariff serve?
The purpose of a revenue tariff is to earn money for the govrnment.
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
How would you draw a picture of a tariff?
A tariff is a tax, or a bill. Draft out a picture of a bill with money owed.
What is the protective tariff of 1816?
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
Was the tariff of 1828 good or bad?
After the US bank was shut down, they were short on money, so the government created the tariff.
Why did manufacturers want a high tariff?
because they wanted money
What are types of tariff with an example of its use?
Revenue tariff: 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. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or 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
Who passed the morrill tariff to raise money for the civil war?
the south.
What is a purpose of a revenue?
The purpose of a revenue tariff is to earn money for the govrnment.
What is the tariff type of raise money to the government?
Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government
What type of tariff is used to raise money for the government?
Protective tariff. These types of tariffs are placed by the government on goods that are imported in an effort to protect the countries specific trade on that good. This tariff raises the price of an imported good so high that others will turn to the local countries good instead. ^No. Incorrect. Falso. a protective tariff is designed to protect a domestic industry (which is what the above answer talked about). A revenue tariff is used to raise money for the government
Who gets the toll money?
The state gets the money.
