Average tariff rates are highest for
A)high-income countries.
B)middle-income countries.
C)low-income countries.
D)industrialized countries.

Question

Quizplus · Accepted Answer

Average tariff rates tend to be highest for low-income countries, as they often seek to protect their domestic industries from foreign competition and generate revenue through tariffs. High-income countries generally have lower tariff rates, as they have fewer incentives to protect their industries and are more focused on promoting free trade. Industrialized countries may have varied tariff rates depending on their trade policies and agreements, but they also tend to have lower average tariff rates compared to low-income countries.

Average Tariff Rates Are Highest for