If Slovenia is a small country in world trade terms,then if it imposes a large series of tariffs on many of its imports,this would

Question

Quizplus · Accepted Answer

As a small country in world trade terms, Slovenia is a price taker and cannot influence world prices. Therefore, imposing tariffs would not affect its terms of trade, which are determined by the relative prices of exports and imports on the world market.

If Slovenia Is a Small Country in World Trade Terms,then