Vidyalelo
Management · Q262

Foreign Trade Policy

Graduate and Post Graduate · Management · question 262

Q262

When one country providesmost favoured nation status (normal trade relations) for another, it agrees to

A.
charge that nation's products a lower tariff than any other nations
B.
charge that nation's products a tariff rate no higher than that on any other nation
Answer
C.
charge that nations products a higher tariff than any other nation's
D.
exports to that nation any products that it wants to purchase

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board