If the U.S. (a large country) imposes a tariff on its imported good, this will tend to() A: have no effect on terms of trade. B: improve the terms of trade of all countries. C: improve the terms of trade of the United States. D: cause a deterioration of S. terms of trade. E: raise the world price of the good imported by the United States.

A ()occurs when a country's imports exceed its exports during a given time period. A: trade balance B: trade imbalance C: trade surplus D: trade deficit

A country's trade balance is in surplus when _____ A: its exports are more than its imports B: it experiences negative inflation C: its exports equal the imports D: the prices of commodities are low in the country

An import tariff will cause the terms of trade of the ________ country to ________ and will ________ the country.? importing; improve; harm|importing; improve; benefit|exporting; improve; harm|exporting; improve; benefit

Japan’s trading partners’ attitude towards its growing trade surplus can be described as （） A: angry B: indifferent C: overjoyed D: worried