Answer:
Anticipatory repudiation
Explanation:
Based on the information provided within the question it can be said that in this scenario this is known as Anticipatory repudiation. This term refers to when an individual declared that they do not intend to abide by the obligations that were agreed to for a specific contract. In other words they are not going to perform the obligations that they had under that contract. This would then allow the non-breaching party to sue for damages.
Answer: The optimum tariff.
Explanation:
The optimum tariff maximizes the liquid benefit resulted by the improve of the nation’s terms of trade, althought the volume reduction of trades.
In one side, the terms of trade of the country who imposes the tariff improve. On the other side, those of the trade partner decrease.
It should be noted that even that the terms of trade of the country that impose the tariff improved, those are smaller if compared to the losses of the trade partner
