Comparing Developed and Developing Nations in Their Use of Tariffs,we

question 244

Multiple Choice

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

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

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Definitions:

Slaves

individuals who are forcibly held and made to work without freedom or personal rights.

Mid 19th Century

Refers to the period from 1850 to 1865, a time of significant political, social, and technological changes, including the industrial revolution and the American Civil War.

Punishment

The imposition of a penalty as retribution for an offense, often involving pain, loss, or confinement.

Escape

The act of breaking free from confinement or a dangerous situation, often involving quick thinking and immediate action.