When one country provides most favored nation status (normal trade relations) for another, it agrees to ?
Correct answer: B. charge that nation's products a tariff rate no higher than that on any other nation
- A. charge the nation's products a lower tariff than any other nation's
- B. charge that nation's products a tariff rate no higher than that on any other nation
- C. charge that nation's products a higher tariff than any other nation's
- D. exports to that nation any products that it wants to purchase
Explanation
Most-favored-nation treatment means a country must give the partner the same lowest tariff treatment it gives to any other nation, subject to permitted exceptions. It does not mean granting a uniquely lower tariff.
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