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 diversifies its economy.

Question

Quizplus · Accepted Answer

Governments in less-developed nations often impose tariffs as a way to generate revenue for the government. They can place tariffs on imports to collect taxes and increase their income. This additional revenue can be used for various purposes, such as infrastructure development and social welfare programs.

Why Do Governments in Less-Developed Nations Impose Tariffs