The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods
A) helps developing countries export manufactured products.
B) has no effect on developing country exports.
C) hurts developing country efforts to export manufactured goods.
D) hurts developing country efforts to export raw materials.
E) does not affect industrialized countries' exports.

Question

Quizplus · Accepted Answer

Low tariffs on raw materials and semi-processed goods can allow industrialized countries to import these goods at a lower cost, which can allow them to manufacture products at a lower cost. This can make it difficult for developing countries to compete in the manufacturing sector as the cost of their manufactured goods may be higher due to the fact that they may need to import raw materials and pay higher tariffs. This can ultimately hurt developing country efforts to export manufactured goods.

The Fact That Industrialized Countries Levy Very Low or No