In developed countries,tariffs on raw materials tend to be
A)highest of all.
B)higher than on manufactured goods.
C)equal to tariffs on manufactured goods.
D)lower than on manufactured goods.

Question

Quizplus · Accepted Answer

In developed countries, tariffs on raw materials tend to be lower than on manufactured goods as these countries rely on imported raw materials for their own production processes. High tariffs on raw materials would increase the cost of production and harm domestic industries. Therefore, developed countries tend to impose lower tariffs on raw materials to keep their own production costs low.

In Developed Countries,tariffs on Raw Materials Tend to Be