A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced here more competitive is a(n) __; a tax on all oil imported into the United States, which is implemented to raise money for the American government, is known as a(n) .

Protective tariffs are tariffs put in place with the aim of protecting domestic industry. They make imported goods more expensive when compared to domestic goods.

Revenue tariffs designed with the main objective of earning revenue.

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adioabiola adioabiola · Answer 2 · 2020-04-02T04:16:02+02:00

Answer:

Protective tariff and revenue tariff respectively

Explanation:

• A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced here more competitive is a protective tariff.

•A tax on all oil imported into the United States, which is implemented to raise money for the American government, is known as a revenue tariff.

Tariff is a tax levied on products when they cross the boundary of a country.

• Protective tariff: They are imposed on imported product in order to protect the domestic industry. The aim of imposing protective tariff is to increase the price of the imported product so as to discourage people from buying them.

•Revenue tariff are levies imposed on imported product in order to generate resources for the government.

Revenue tariff is used to generate income to the government for the financing of day to day activities of the government.