Comparing developed and developing nations in their use of tariffs,we see that
A) the developing nations' governments get very little revenue from tariffs.
B) both governments get large amounts of revenue from tariffs.
C) many developing nations' governments get a large portion of their revenue from tariffs.
D) developing nations almost never impose tariffs because they want their people to obtain goods and services at the lowest possible price.
E) developed nations rely much more than developing nations on tariff revenue.

Question

Quizplus · Accepted Answer

Many developing nations' governments rely heavily on tariffs as a source of revenue, while developed nations rely more on other sources such as income and sales taxes. Therefore, option C is the correct answer. Options A, B, and E are not accurate statements. Option D is also incorrect as developing nations do use tariffs as a means of protecting their domestic industries, although they may also want their people to obtain goods and services at lower prices.

Comparing Developed and Developing Nations in Their Use of Tariffs,we