Why do the governments of some developing countries use tariffs to raise revenue?

What will be an ideal response?

Governments in some developing countries use tariffs to raise revenue, since they do not have well-functioning tax systems and can more easily tax imports that flow through a few urban ports than they can tax domestic economic activity that is widely geographically dispersed.

Economics

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Nominal GDP is $12.1 trillion and real GDP is $11.0 trillion. The GDP price index is

A) 90.1. B) 121. C) 1.10. D) 91.0. E) 110.

Economics

What does empirical evidence suggest about the elasticity of labor supply? What does this suggest about the burden of the payroll tax in the United States?

What will be an ideal response?

Economics