Multiple Choice
A country can impose a tariff to improve its own terms of trade if it
A) constitutes a large fraction of the world demand for some commodity that it imports.
B) has a high level of industrial diversification.
C) has a significant trade surplus.
D) imports mostly primary products.
E) produces and exports a large fraction of the world's supply of some commodity.
Correct Answer:

Verified
Correct Answer:
Verified
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