A country s terms of trade can be improved by - JAMB Economics 2017 Question
A country's terms of trade can be improved by ____?
A
collective bargaining
B
imposing lower export duties
C
revelation of currency
D
reducing demand for imported goods
correct option: b
Tariffs are taxes or duties imposed on imports and exports by the government of a country. The idea behind tariffs is to restrict the volume of trade or improve the international terms of trade.
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