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CUSTOMS > PURPOSE OF TARIFF > Flashcards

PURPOSE OF TARIFF Flashcards

1
Q

Generating income

A

Revenue Tariff

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2
Q

Example of revenue tariff

A

Easy to be collected, low tax imposed

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3
Q

Why there’s a need for revenue tariff

A

To generate money for government funds for public use welfare

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4
Q

Protecting domestic business

A

Protective tariff

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5
Q

Bargaining with foreign merchant

A

Bargaining Tariff

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CUSTOMS (6 decks)

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