When a Large Nation Imposes an Import Tariff,the Volume of Trade

question 12

Multiple Choice

When a large nation imposes an import tariff,the volume of trade will ___________,and the nation's terms of trade will ____________.

• A)increase,improve
• B)decline,deteriorate
• C)decline,improve
• D)increase,remain unchanged

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Definitions:

Indigenous Cultures

The customs, social practices, and ways of life of native peoples who have traditional ties to particular territories.

Media Conglomerates

Large corporations that own a variety of media companies across different types of media outlets.

Global Village

A concept that describes the phenomenon of the world becoming more interconnected as a result of the propagation of media technologies and communications.

Economic Inequalities

Disparities in income, wealth, and access to resources and opportunities among individuals or groups in society.