introduction: think about what you learned about tariffs and excise taxes, and sort each option into the…

introduction: think about what you learned about tariffs and excise taxes, and sort each option into the correct category. can discourage product use are levied on imports can be applied to gambling are taxes applied to foreign goods is added to gas purchases protect us - made goods excise taxes tariffs

introduction: think about what you learned about tariffs and excise taxes, and sort each option into the correct category. can discourage product use are levied on imports can be applied to gambling are taxes applied to foreign goods is added to gas purchases protect us - made goods excise taxes tariffs

Answer

Answer:

  • Excise taxes: Can discourage product use, Can be applied to gambling, Is added to gas purchases
  • Tariffs: Are levied on imports, Are taxes applied to foreign goods, Protect US - made goods

Brief Explanations:

Excise taxes are internal taxes on specific goods and services like gambling and gas, and can reduce product use. Tariffs are taxes on imports/foreign goods, often for protectionist purposes.