When Can a Country Gain a Price Advantage on Imports

question 177

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:

Salespeople

Professionals engaged in selling products or services to customers, often representing a company or a brand.

Mutual Goals

Shared objectives or aims between two or more parties, often leading to cooperation and collaborative efforts.

Sales Organizations

Companies or teams structured to manage the process of selling products or services to customers.

Strategic Problem Solvers

Individuals or teams who employ a systematic approach to address challenges and find effective solutions, often in a business context.