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

Assessment: JAMB UTME - Economics - 2017 Subject: Economics

Question 1 Report

A country's terms of trade can be improved by ____?
Answer Details
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.
Read lesson note on International Trade (JAMB)
Read lesson note on International Trade And Balance Of Payments (WAEC)
View Answer

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