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

Question

Quizplus · Accepted Answer

An import tariff improves the terms of trade for the importing country by making imported goods more expensive, which can benefit the country by protecting domestic industries and potentially increasing government revenue.

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