Governments impose import duties for the following reasons EXCEPT

Assessment: JAMB UTME - Commerce - 1994 Subject: Commerce

Question 1 Report

Governments impose import duties for the following reasons EXCEPT
Answer Details
Governments impose import duties for several reasons, including raising revenue for other services, acting as a retaliatory measure against other governments, and protecting home industries from external competition. The option that does not apply is "to discourage the redistribution of income at home." Import duties are not typically used to discourage income redistribution within a country.
Read lesson note on Commerce (JAMB)
Read lesson note on Occupation (WAEC)
View Answer

Related Questions

1

When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
2

Which of the following makes other functions of business its appendages?
3

Which of the following has power to order withdrawal of a particular food item from circulation?
4

The use of computer in modern banking industry is a reflection of
5

The West African clearing House became legally operational on
6

The lake Chad Basin commission was founded to enable member states
7

The principle of span of control stipulates that
8

The harmonious relationship among the various units in an organization is ensured through

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning