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.

---

Definitions:

Mid-Ocean Ridge

An underwater mountain system formed by plate tectonics, characterized by a continuous volcanic mountain chain that encircles the globe.

Andes

A major mountain range along the western edge of South America, formed by the subduction of the Nazca Plate beneath the South American Plate.

Pyroclastic Flows

Fast-moving currents of hot gas and volcanic materials (such as ash and rock fragments) that flow down the slopes of a volcano during an explosive eruption.

Mudflows

Rapid flows of water-saturated earth material, primarily composed of mud and often triggered by heavy rains or volcanic activity.