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:

Readability Improvements

Enhancements made to text to make it easier to read and understand, such as simplifying language, organizing ideas clearly, and adjusting layout.

Sensitive Issue

A topic or subject matter that requires careful handling due to its potential to provoke strong emotions or controversy.

Leadership Qualities

Characteristics or attributes considered essential for effective leadership, including communication, vision, empathy, and decisiveness.

Ultimatum Issue

A final demand or statement of terms, the rejection of which will end negotiations and lead to a breakdown in relations or other significant consequence.