Which of the Following Will Increase Trade Costs

question 84

Multiple Choice

Which of the following will increase trade costs?

• A) an increase in tariff rates in the importing country
• B) a reduction in quotas in the importing country
• C) a decrease in transportation costs
• D) a decrease in the importing country's exchange rate

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Definitions:

Cognitive Psychology

A branch of psychology that explores internal mental processes such as problem solving, memory, learning, and language.

Behaviorism

A theoretical orientation based on the premise that scientific psychology should study only observable behavior, emphasizing the effects of environment on behavior.

Logical Evaluation

The process of examining statements, hypotheses, or arguments critically and systematically using reasoning and logic to assess their validity or soundness.

Reason

The mental capacity of an individual to apply logic in analyzing and solving problems, and in making decisions or forming judgments.