According to the Developing Government Argument, Tariffs Imposed by a Developing

question 24

Multiple Choice

According to the developing government argument, tariffs imposed by a developing country:

• A)may benefit the country because they represent an efficient mechanism for collecting revenue, but will harm the world.
• B)can benefit the country by creating net social gains.
• C)will be as inefficient as tariffs imposed by developed countries.
• D)are likely to represent only a very small fraction of government revenues because the volume of imports in developing countries is relatively small.

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Definitions:

Retail Establishments

Stores and businesses that sell goods directly to consumers.

Product Mix

Consists of all product lines offered by an organization.

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Product Variety

The range of different products or services offered by a company to cater to various customer preferences.