question archive The optimum tariff is: a
The optimum tariff is: a
Subject:EconomicsPrice: Bought3
The optimum tariff is:
a. the best tariff a country can obtain via a WTO negotiated round of compromises.
b. the tariff, which maximizes the terms of trade gains.
c. not practical for a large country due to the likelihood of retaliation.
d. the tariff, which maximizes the difference between terms of trade gains and terms of trade loses.
e. not practical for a small country due to the likelihood of retaliation.
Which option is correct?
