A Developing Country Can Be Expected to Rely More On

question 64

Multiple Choice

A developing country can be expected to rely more on:

• A) tariffs than quotas since tariffs are an easy way to raise tax revenue.
• B) tariffs than quotas because tariffs are more effective means of reducing imports.
• C) quotas than tariffs since quotas provide better protection for infant industries.
• D) quotas than tariffs since quotas are easier to enforce and give rise to less corruption among officials.

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Definitions:

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods within a certain period.

Times

Often refers to a multiplicative factor or frequency of occurrences within a specified period.