Power struggles over tariffs and subsidies between rich and poor nations affect the terms of trade.

Question

Quizplus · Accepted Answer

Power struggles over tariffs and subsidies between rich and poor nations can lead to changes in the terms of trade, as they can affect the prices of goods and services and affect the competitiveness of different industries. This can have a significant impact on the economies of both rich and poor nations.

Power Struggles Over Tariffs and Subsidies Between Rich and Poor