__________ describes the agreement that one state's tariffs on goods would be the same as its trading partner's tariff.
A) Reciprocity
B) Embedded liberalism
C) Trade equality
D) Non-discrimination

Question

Quizplus · Accepted Answer

Reciprocity refers to the agreement between two states that their tariffs on goods would be the same. This means that there would be no discrimination in trade between the two states and each state would treat the other's goods and products equally.

__________ Describes the Agreement That One State's Tariffs on Goods