A tariff------ (a) Increases the volume of trade. (b) Reduces the volume of trade. © Has no effect on the volume of trade. (d) Both (a) and (c).

A tariff------
(a) Increases the volume of trade.
(b) Reduces the volume of trade.
© Has no effect on the volume of trade.
(d) Both (a) and (c).
by

1 Answer

Answer :

(b) Reduces the volume of trade.
by

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