To generate revenue for the government

To protect domestic industries

To control the flow of goods into a country

All of the above

Ad valorem tax

Specific tax

Compound tax

Sales tax

Ad valorem tax is based on the value of the goods, while specific tax is based on the quantity of the goods.

Ad valorem tax is based on the weight of the goods, while specific tax is based on the volume of the goods.

Ad valorem tax is based on the country of origin of the goods, while specific tax is based on the destination of the goods.

None of the above

A tax that is a combination of an ad valorem tax and a specific tax

A tax that is levied on both imports and exports

A tax that is levied on goods that are both imported and produced domestically

None of the above

It can increase government revenue

It can protect domestic industries from foreign competition

It can lead to higher prices for consumers

All of the above

Arguments for: It can generate revenue, protect domestic industries, and control the flow of goods. Arguments against: It can lead to higher prices, reduce consumer choice, and create trade barriers.

Arguments for: It can generate revenue and protect domestic industries. Arguments against: It can lead to higher prices and reduce consumer choice.

Arguments for: It can generate revenue and control the flow of goods. Arguments against: It can lead to higher prices and create trade barriers.

Arguments for: It can protect domestic industries and control the flow of goods. Arguments against: It can lead to higher prices and reduce consumer choice.

It can improve the balance of trade by reducing imports

It can worsen the balance of trade by increasing imports

It has no effect on the balance of trade

None of the above

It can be difficult to determine the appropriate level of import tax

It can be difficult to enforce import tax laws

It can lead to smuggling and other forms of tax evasion

All of the above

By using import tax revenue to subsidize domestic industries

By providing tax breaks to consumers who purchase domestically produced goods

By negotiating trade agreements with other countries

All of the above

It is likely to become more common as countries seek to protect their domestic industries

It is likely to become less common as countries move towards free trade

It is likely to remain at current levels

None of the above