Why Do Governments in Less-Developed Nations Impose Tariffs

question 59

Multiple Choice

Why do governments in less-developed nations impose tariffs?

• A) The government gains revenue from the tariff.
• B) The government's low-paid workers are protected from high-paid foreign workers.
• C) The nation's total income will be increased.
• D) The national security of the country definitely is improved.
• E) The government diversify its economy.

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Definitions:

Standard Hour Plan

A compensation strategy that pays workers extra for work done in less than a predetermined standard time, encouraging efficiency and productivity.

Merit Pay Plan

A compensation strategy that adjusts an employee's pay based on their performance, aiming to incentivize higher levels of productivity and achievement.

Indexed Stock Options

A form of stock option where the exercise price is tied to a benchmark, such as a market index, to adjust for economic changes.

Premium-Priced Options

Financial derivatives whose price is significantly higher than their underlying security, often due to implied volatility or time value.