For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
Correct answer: B. lower than tariffs on imported manufactured goods
- A. equals to tariffs on imported manufactured goods
- B. lower than tariffs on imported manufactured goods
- C. higher than tariffs on imported manufactured goods
- D. The highest of all tariffs
Explanation
Advanced countries commonly apply tariff escalation: raw materials face lower duties, while processed and manufactured goods face higher duties to protect domestic value-added industries. Thus the tariff on imported raw materials is lower.
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