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:

Division of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Political Organization

Structures and systems governing the conduct of public affairs and the distribution of power within a society.

Valuable Goods

Items or resources that are considered of high value in economic, cultural, or personal terms.

Large-Scale Production

Refers to the manufacture of large quantities of products in efficient and cost-effective methods, often using automation and sophisticated technology.