Which of the following are reasons why governments might use tariffs?I. Tariffs raise government revenue.II. Tariffs can protect domestic trade by making foreign trade more expensive.III. Tariffs reduce the amount of money flowing in to a country, which reduces inflation.

Tariffs are taxes on imported goods, so they can raise revenue for the government (I). By making imported goods more expensive, tariffs can also protect domestic producers from foreign competition (II). Statement III is not a standard reason: tariffs do not necessarily reduce money flowing into a country or reduce inflation.

AI-written and checked against the verified answer.