The goal of multilateral trade agreements is usually to a. equalize the level of tariffs across nations
Question:
The goal of multilateral trade agreements is usually to
a. equalize the level of tariffs across nations so no nation is disadvantaged relative to others.
b. use targeted tariffs to ensure that nations produce those goods in which they have a comparative advantage.
c. reduce tariffs in various nations simultaneously to blunt political pressure for protectionism.
d. ensure that tariffs are used only to promote infant industries that will eventually become viable.
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