Governments impose import duties for the following reasons EXCEPT
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Correct Answer: Option C
Explanation:
Import duties can be imposed to raise government revenue, protect domestic industries from foreign competition and, in some circumstances, serve as a retaliatory measure against another country. Discouraging the redistribution of income at home is not a purpose of import duties.
Import duties can be imposed to raise government revenue, protect domestic industries from foreign competition and, in some circumstances, serve as a retaliatory measure against another country. Discouraging the redistribution of income at home is not a purpose of import duties.