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

Economics

JAMB 2017

A. collective bargaining
B. imposing lower export duties
C. revelation of currency
D. reducing demand for imported goods

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Correct Answer: Option B

Explanation

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

Correct Answer: Option B

Explanation

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