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Taxes placed on imports to protect domestic producers from foreign competition and to produce revenue for the government are Blank______.Multiple choice question.embargoesincometariffsquotas

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Taxes placed on imports to protect domestic producers from foreign competition and to produce revenue for the government are tariffs.

Tariffs are taxes imposed by using one us on goods or services imported from another United States of America. Price lists are alternate limitations that increase expenses and reduce available quantities of products and offerings for U.S. organizations and customers.

Common types of tariffs are given below.

  • Specific tariffs.
  • Ad valorem tariffs.
  • Licenses.
  • Import quotas.
  • Voluntary export restraints.
  • Local content requirements.

A tariff is a tax imposed by using a government on items and services imported from other countries that serve to grow the fee and make imports much less perfect, or as a minimum much less competitive, as opposed to domestic items and offerings.

Learn more about tariffs here https://brainly.com/question/26923792

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