MCQOPTIONS
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| 1. |
The positive effect of a tariff is, when there is an increase in the welfare of a country due to |
| A. | An improvement in the terms of trade |
| B. | An increase in its volume of trade |
| C. | A reduction in its volume of trade |
| D. | A decrease in its volume of trade |
| Answer» B. An increase in its volume of trade | |