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 ?

Related Mcqs:

Most tariffs have ?

A. only revenue effects B. only protective effects C. Both protective and revenue effects D. neither protective or revenue effects...

A foreign-trade zone (FTZ) is ?

A. a regional area within which trade with foreign nations is allowed B. a free trade agreement among several nations C. designed to limit exports of manufactured goods by placing export taxes on goods made within the zone D. designed to promote exports by deferring imports duties on intermediate inputs and waving such duties if … A foreign-trade zone (FTZ) is ?Read More...

Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?

A. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States B. Increase the Price of computers to consumers in the United States C. Increase the Production of computers in the United States D. Increase the production of computer components in the United States...

If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?

A. nominal tariff rate on the final product equals the effective tariff rate on the product B. nominal tariff rate on the final product is greater than the effective rate on the product C. nominal tariff rate on the final product is less than the effective tariff rate on the final product D. None of … If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?Read More...

Concerning a government’s trade policy, all the following generally apply except ?

A. economic downturn and recession generally result in greater protectionism B. because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority: C. When domestic exporting companies are organized, policy tends to favor freer trade D. Policy tends to favor freer trade in countries whose imports are inputs into … Concerning a government’s trade policy, all the following generally apply except ?Read More...