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What is the major reason why developing countries often impose tariffs on imports rather than quotas?
Litre
A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 US gallons, commonly used to measure fluids.
France
A country located in Western Europe, known for its history, culture, and significant contributions to art, science, and philosophy.
Exchange Rate
The worth of one currency when converted into another, establishing the amount one currency is valued in comparison to another.
Percentage
A proportion or share in relation to a whole, represented as a fraction of 100.
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