What is the significant feature of a preferential arrangement?
What will be an ideal response?
It is created with unilateral action, as in the U.S. lowers barriers specifically to a nation without asking for reciprocity.
Economics
You might also like to view...
"Suppose the market for aluminum is perfectly competitive and unregulated. If aluminum factories emit pollution, the marginal social cost of aluminum is less than the market price". True or false? Explain
What will be an ideal response?
Economics
Which of these government financing methods is generally the least inflationary?
A) Printing currency B) Borrowing from the banking system C) Borrowing from the central bank D) Borrowing from the non-bank public
Economics