Which of the Following Best Describes the Term "Preferential Tariff

question 121

Multiple Choice

Which of the following best describes the term "preferential tariff"?

• A) The tariff applies only to luxury items.
• B) The tariff limits the number of products that can be imported from particular countries.
• C) Tax is placed on countertrades.
• D) Tariff advantages are given to one country over others.

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