Comparing developed and developing nations in their use of tariffs, we see that

Question

Comparing developed and developing nations in their use of tariffs, we see that O A. developed nations rely much more than developing nations on tariff revenue. O B. both governments get large amounts of revenue from tariffs. ° C. many developing nations' governments get a large portion of their revenue from tariffs. O D. developing nations almost never impose tariffs because they want their people to obtain goods and services at the lowest possible price O E. the developing nations' governments get very little revenue from tariffs.

Explanation / Answer

Correct option: C

Reason: Mostly developing countries impose tariffs on imports so as to protect their domestic industries from foreign competitors. This has a dual impact on developing countries in the form of reduced foreign competition along with tariff revenue.

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