Tariff Levels in Developing Countries Tend to Be ________ Tariff

question 24

Multiple Choice

Tariff levels in developing countries tend to be ________ tariff levels in developed countries.

• A)lower than
• B)about equal to
• C)higher than
• D)there is no general pattern

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Definitions:

Principal

The original amount of money invested or loaned, before interest.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods.

Semi-annually

Occurring twice a year or every six months.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, leading to an increase in interest earnings over time.