Using tariffs to generate government revenue is most common among ________.

Question

Quizplus · Accepted Answer

Tariffs are often used by less-developed countries as a means of generating government revenue. This is because these countries typically have less diverse economies and are more dependent on exports, making it difficult for them to collect significant amounts of revenue through other means such as income or sales taxes. Developed countries tend to rely more on income and sales taxes, while emerging markets may use tariffs both for revenue and to protect domestic industries. Communist nations often heavily regulate foreign trade and may use tariffs primarily as a means of controlling imports.

Using Tariffs to Generate Government Revenue Is Most Common Among