JAMB - Economics (2017 - No. 21)
A country's terms of trade can be improved by ____?
collective bargaining
imposing lower export duties
revelation of currency
reducing demand for imported goods
הֶסבֵּר
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.