Which of the following is FALSE?
A) Tariffs are a relatively easy tax to administer and often form an important part of revenue for low-income countries.
B) Taxes on income, sales, and property require more complex accounting systems than do tariffs.
C) Low-income countries often have large informal markets with the sales of many goods and services not being recorded, which makes it difficult to apply many kinds of taxes.
D) Tariffs are not an attractive tax option for most low-income countries, so they mostly rely on quota licenses for revenue.
D
You might also like to view...
Why would a firm pay efficiency wages?
What will be an ideal response?
According to monetarists, which of the following would be most important for the control of inflation?
a. a steady increase in federal expenditures b. the imposition of price controls c. keeping the growth rate of the money supply low and steady d. a steady increase in the size of the budget deficit