In developed countries, tariffs on raw materials tend to be ?
Correct answer: D. lower than on manufactured goods
- A. highest of all
- B. higher than on manufactured goods
- C. equal to tariffs on manufactured goods
- D. lower than on manufactured goods
Explanation
Developed countries generally impose lower or zero tariffs on raw materials so domestic producers can obtain inputs cheaply. Manufactured goods usually face higher tariffs, providing greater protection to domestic industry.
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