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A country's terms of trade can be improved by ____?

A country's terms of trade can be improved by ____?

A.

Collective bargaining

B.

Imposing lower export duties

C.

Revelation of currency

D.

Reducing demand for imported goods

View answer & explanation

Correct answer is B

Tariffs are taxes or duties imposed on imports and exports by the government of a country. The idea behind tariffs is to restrict the volume of trade or improve the international terms of trade.

 

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