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

Question

Quizplus · Accepted Answer

An import tariff improves the terms of trade for the importing country by making foreign goods more expensive, potentially benefiting the country by protecting domestic industries.

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