When Can a Country Gain a Price Advantage on Imports

question 132

Multiple Choice

When can a country gain a price advantage on imports by imposing a tariff?

• A)when it is the largest country with absolute advantage in all goods 
• B)when it has a comparative advantage in the production of all goods 
• C)when it can do so without other countries retaliating with tariffs 
• D)when trade agreements prohibit quotas but permit tariffs

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Definitions:

Gestalt Therapist

A psychotherapist who applies Gestalt therapy principles, focusing on the present moment and helping individuals understand the context of their experiences.

Own Feelings

An individual's personal emotional experiences or affective states.

Person-centered Therapy

A psychotherapeutic approach that emphasizes the importance of the therapist's empathetic understanding, unconditional positive regard, and genuineness in facilitating a client's self-understanding and growth.

Unconditional Positive Regard

An attitude of acceptance and respect on the part of an observer, no matter what a person says or does, originally described by psychologist Carl Rogers.