All of the following are true of the international trade system except
| A. | one of the aims of quotas is to conserve foreign exchange. |
| B. | APEC is an example of a regional free-trade zone. |
| C. | tariffs are solely for the purpose of raising revenues, subsequently limiting the amount of imported goods a country will accept. |
| D. | GATT aims to promote trade by reducing tariffs and international trade barriers. |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
