Tariff revenue is an important source of operating revenue for many governments of high income countries.

Question

Quizplus · Accepted Answer

Tariff revenue is not an important source of operating revenue for many governments of high income countries because these countries often rely more on income taxes, corporate taxes, and other sources of revenue to fund their operations. Tariff revenue can still be significant for some countries, particularly developing countries, but it is not a major source of revenue for high income countries.

Tariff Revenue Is an Important Source of Operating Revenue for Many