Why do governments in less-developed nations impose tariffs?
A) The government gains revenue from the tariff.
B) The government's low-paid workers are protected from high-paid foreign workers.
C) The nation's total income will be increased.
D) The national security of the country definitely is improved.
E) The government diversify its economy.

Question

Quizplus · Accepted Answer

Tariffs provide a source of revenue for the government, which can be used for various purposes such as infrastructure development, education, and healthcare.

Answer: B
 Tariffs can protect domestic industries and their workers from foreign competition, which may pay higher wages and operate with more efficient technology.

Answer: E
 Tariffs can encourage the development of domestic industries by making foreign products more expensive and less competitive. This can diversify the economy and reduce dependence on a narrow range of exports.

Why Do Governments in Less-Developed Nations Impose Tariffs