MANIFEST DESTINY 1806 1855
TEXAS ANNEXATION PROBLEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a tax on imported goods
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a tax on livestock
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a property tax
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an income tax
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Detailed explanation-1: -Tariffs are taxes charged on the import of goods from foreign countries. While historically tariffs were used as a source of revenue for governments, they are now used mainly to protect domestic industries from foreign competition.
Detailed explanation-2: -A tariff or duty (the words are used interchangeably) is a tax levied by governments on the value including freight and insurance of imported products.
Detailed explanation-3: -A tariff is a tax on imported goods. Despite what the President says, it is almost always paid directly by the importer (usually a domestic firm), and never by the exporting country.
Detailed explanation-4: -The United States currently has a trade-weighted average import tariff rate of 2.0 percent on industrial goods.