Question
Suppose the EU, which is large in the world markets, imposes a tariff on imports of a product but allows the Least Developed Countries (LDCs)
Suppose the EU, which is large in the world markets, imposes a tariff on imports of a product but allows the Least Developed Countries (LDCs) to sell their products at its internal price (i.e., it gives the LDCs duty-free access to its market).There is no other intervention.The following is a true statement
A. These interventions hurt LDCs that import the product but benefit those that export it
B. They hurt LDCs regardless of whether they export or import the product
C. They benefit non-LDC developing countries that export the product
D. They benefit both exporting and importing LDCs of the product
E. They benefit the LDCs that import the product but hurt those that export it
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