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

  • A collective bargaining
  • B imposing lower export duties
  • C revelation of currency
  • D reducing demand for imported goods
jamb 2017economics

The correct answer is B. imposing lower export duties

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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