The economic principle that suggests the tariffs imposed on goods imported from one state are no higher than the tariffs imposed on those same goods from any other state is known as
A) autarky.
B) mercantilism.
C) comparative advantage.
D) most-favored-nation status.

Question

Quizplus · Accepted Answer

The economic principle that suggests the tariffs imposed on goods imported from one state are no higher than the tariffs imposed on those same goods from any other state is known as most-favored-nation status. This principle is based on the idea that trade should be conducted on a non-discriminatory basis and that all countries should have equal access to each other's markets.

The Economic Principle That Suggests the Tariffs Imposed on Goods