Many developing countries impose trade tariffs because that is their best way to collect taxes.

Name: Many developing countries impose trade tariffs because that is their best way to collect taxes.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Developing countries often have limited options for raising revenue, and imposing trade tariffs can be an effective way to collect taxes on imported goods. While there may be other reasons for imposing tariffs, such as protecting domestic industries, the revenue-raising aspect is a significant factor.

Many Developing Countries Impose Trade Tariffs Because That Is Their