A trading partner who receives the most favorable treatment for imports and exports is said to have __________ status.*

Question

Quizplus · Accepted Answer

The term "most favored nation" refers to a trading partner who receives preferential treatment for imports and exports, such as lower tariffs and fewer trade barriers. This status is typically granted through international trade agreements or negotiations, and is meant to promote mutually beneficial trade relationships between countries.

A Trading Partner Who Receives the Most Favorable Treatment for Imports