Which of the Following Statements Best Captures the Most-Favored-Nation (MFN)principle

question 48

Multiple Choice

Which of the following statements best captures 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.

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