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ya-yaa ya-yaa
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A year ago
A country can improve its own terms of trade by imposing a tariff if that country

▸ constitutes a large fraction of the world demand for some product that it imports.

▸ has a high level of industrial diversification.

▸ has a significant trade surplus.

▸ produces and exports a large fraction of the world's supply of some commodity.

▸ imports mostly primary products.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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Redhawt75Redhawt75
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A year ago
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Thank you, thank you, thank you!
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