A country's terms of trade can be improved by ____?
A country's terms of trade can be improved by ____?
Collective bargaining
Imposing lower export duties
Revelation of currency
Reducing demand for imported goods
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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