Under a preferential duties system, goods imported from a country outside the preferred group are subject to a higher tariff.

a. true.
b. false.

The statement is: True.

Explanation:

The preferential duties system or simply called preferential tariffs is an approach to impose lower taxes on countries that collide and come into a trade agreement. Some countries benefit from that pact but the countries outside the agreement are typically affected since they are charged higher levies.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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