The imposition of an import tariff by a nation usually
A) improves the nation's terms of trade and increases the volume of trade
B) worsens the nation's terms of trade but increases the volume of trade
C) improves the nation's terms of trade but reduces the volume of trade
D) None of the above
Correct Answer:
Verified
Q12: The absolute advantage theory of international trade
Q13: Trade between nations occur due to
A)Difference in
Q14: Adam Smith propounded the theory of
A)Comparative cost
B)Opportunity
Q15: David Ricardo propounded theory of
A)Law of reciprocal
Q16: In Heckscher-Ohlin model, factor abundance have been
Q17: Trade among different regions within the same
Q18: Heckscher-Ohlin theory of international trade is based
Q19: The main objective of international trade is
A)To
Q20: Import quota implies
A)Physical limitation of quantities of
Q21: According to Heckscher-Ohlin theory as a result
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents