An import tariff will cause the terms of trade of the country to and will the country.
A)exporting; improve; benefit
B)importing; improve; benefit
C)exporting; improve; harm
D)importing; suffer; harm
E)importing; improve; harm

Question

Quizplus · Accepted Answer

An import tariff can improve the terms of trade for the importing country by making foreign goods more expensive, potentially benefiting the country by improving its trade balance.

An Import Tariff Will Cause the Terms of Trade of the Country