If Venezuela is a small country its terms of trade will improve when it levies a tariff on imports.

Name: If Venezuela is a small country its terms of trade will improve when it levies a tariff on imports.
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Quizplus · Accepted Answer

The size of the country is not directly relevant to the impact of a tariff on the terms of trade. Additionally, a tariff on imports may not necessarily improve a country's terms of trade. It may potentially lead to retaliation from trading partners and ultimately harm the country's economy.

If Venezuela Is a Small Country Its Terms of Trade