For developing countries,import tariffs generally are ______ than tariff levels in advanced countries
A) higher
B) lower
C) the same as

Question

Quizplus · Accepted Answer

Developing countries often have higher import tariffs than advanced countries. This is because they try to protect their domestic industries and generate revenue from imports. Higher tariffs make imported goods more expensive and less competitive with domestic products. However, some countries may also have lower tariffs on certain goods to encourage trade and economic growth.

For Developing Countries,import Tariffs Generally Are ______ Than Tariff Levels