According to the Most-Favored-Nation (MFN) Principle

question 30

Multiple Choice

According to the most-favored-nation (MFN) principle,

• A)states cannot rely on comparative advantage in their trade policies.
• B)goods produced at home are treated the same for import and export agreements.
• C)tariff preferences granted to one state must be granted to all others exporting the same product.
• D)import quotas can be used to regulate trade, but export quotas cannot be used.
• E)certain important trading partners should be given favors status.

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Definitions:

Retail Chain

A network of retail outlets operated by the same company, offering the same or similar products or services.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural population, and bilingual French and English culture.

Mean

The average of a set of numbers, calculated by summing all the numbers and then dividing by the count of the numbers.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the count of values.