Why Do Governments in Less-Developed Nations Impose Tariffs

question 257

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 diversifies its economy.

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Definitions:

Interest Earned

Interest Earned is the amount of interest received over a period on deposits or investments.

Invested Amount

The sum of money placed into an investment vehicle with the expectation of generating a return.

Payment Extension

A prolongation of the period over which a debt or loan is to be repaid.

Later Date Payment

A payment that is scheduled to be made after the usual due date.