Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

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A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

A. Compound tariff B. Effective tariff C. Ad valorem tariff D. Specific tariff...

If we consider the impact on both consumers and producers, then protection of the steel industry is ?

A. In the interest of the U.S as a whole but not in the interest of the state of Pennsylvania where steel mills are located B. In the interest of the U.S as a whole and in the interest of the state of Pennsylvania C. Not in the interest of the U.S as a whole, … If we consider the impact on both consumers and producers, then protection of the steel industry is ?Read More...

A tariff of ________ would be prohibitive causing imports to fall to zero?

A. $10 B. $15 C. $20 D. $25...

If a country an imposes an import tariff, its welfare can improve if ?

A. the country is a small country rather than a larger country B. its terms of trade improve enough C. The tariff enhances the welfare of its trading partners D. Its government’s tax revenue increases because of the tariff...

Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

A. 5 percent B. 10 percent C. 15 percent D. 20 percent...