Single Answer MCQ
Q-00014348
Which of the following strategies is likely to improve a country's international trade?
1
Reducing tariffs on imports
2
Limiting exports to preserve resources
3
Implementing strict quotas
4
Restricting all international trade
Answer and Solution
Answer
A. Reducing tariffs on imports
Solution:
Reducing tariffs on imports can stimulate international trade by making foreign goods more affordable, encouraging exports as well.
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