A Trade War Is Initiated When

Multiple Choice

A trade war is initiated when

A) the World Trade Organization issues fines to two or more corporations in a country.
B) two or more companies attempt to undercut one another's pricing strategy.
C) a country begins to accept imports for a new product category or class.
D) a country reduces tariffs for a particular product category or class.
E) countries attempt to damage each other's trade with excessive tariffs and quotas.