Advanced Questions

1:

When one country provides most favored nation status (normal trade relations) for another, it agrees to

A.

charge that nation's products a lower tariff than any other nation's

B.

charge that nation's products a tariff rate no higher than that on any other nation

C.

charge that nation's products a higher tariff than any other nation's

D.

exports to that nation any products that it wants to purchase

 

Answer : B

Explanation :

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Option: A

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