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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