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10 October, 00:04

Describe the purpose of two of these types of tariffs

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  1. 10 October, 00:12
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    Revenue Tariffs: Tariffs that increase the price of an imported good to create money for the government.

    Protective Tariff: Designed to protect home country businesses and jobs by taxing imported goods so much that it would be a lot more worthwhile to purchase a home country good similar or identical to the imported good.
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