imposition of a tariff improves the terms of trade of the imposing country but reduces its

Related MCQs

• The increase in the domestic production of a commodity due to imposition of a tariff is
• The terms of trade of a country improves when
• A single factoral terms of trade shows that a country’s factoral terms of trade improve as productivity
• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
• When the export prices of a country relatively rises to its import prices, its terms of trade are said to have
• In case of Mill’s theory, where country A produces good X and country B produces good Y, if country A’s demand for product Y increases, then country A’s offer curve will
• The tariff rates which are based on trade agreements or treaties with other countries is known as
• The tariff that maximizes a country’s welfare is called the
• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• An increase in domestic production of goods due to imposition of import quota is called