If Slovenia Is a Small Country in World Trade Terms

question 33

Multiple Choice

If Slovenia is a small country in world trade terms, then if it imposes a large series of tariffs on many of its imports, this would

• A) decrease its marginal propensity to consume.
• B) deteriorate its terms of trade.
• C) increase its exports.
• D) have no effect on its terms of trade.
• E) improve its terms of trade.

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (most acidic) to 14 (most basic) and 7 being neutral.

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