Economics · International Trade

If the rate of customs duty is high, then _______.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The volume of international trade initially increases and then becomes constant
2There is no change in the volume of international trade
3The volume of international trade increases
4The volume of international trade decreases✓

Correct answer

The volume of international trade decreases

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If the rate of customs duty is high, then _______.

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