A Country Can Impose a Tariff to Improve Its Own

question 5

Multiple Choice

A country can impose a tariff to improve its own terms of trade if it

• A)imports mostly primary products.
• B)produces and exports a large fraction of the world's supply of some commodity.
• C)constitutes a large fraction of the world demand for some commodity that it imports.
• D)has a significant trade surplus.
• E)has a high level of industrial diversification.

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Definitions:

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Law Partnership

A business entity formed by two or more lawyers to practice law together, sharing profits, losses, and liabilities.

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A legal principle that prohibits attorneys from dividing their fees with non-lawyers or professionals not directly involved in their cases.

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The notion that individuals should be recognized as having equal intellectual potential irrespective of their background.