Looking at the average tariff rate in Australia since 1930, we see that
A) while we talk about free trade, tariff levels have risen over the last 30 years.
B) at first tariffs declined, but have recently risen.
C) tariff levels have remained high at over 50 per cent throughout the period.
D) tariffs have trended downward since the early 1930s.
E) tariffs have trended downwards since 1947.

Question

Quizplus · Accepted Answer

The question states that we are looking at the average tariff rate in Australia since 1930. Option A is incorrect as it suggests that tariff levels have risen over the last 30 years, whereas the question is asking about the entire period since 1930. Option B is partially correct as tariffs did decline initially, but the question is asking about the overall trend since 1930. Option C is incorrect as it states that tariff levels have remained high throughout the period, whereas the question is asking about the trend over the entire period since 1930. Option E is incorrect as it suggests that tariffs have trended downwards since 1947, whereas the question is asking about the trend since 1930. Option D is the correct answer as it suggests that tariffs have trended downward since the early 1930s, which is in line with the question which is asking for the trend since 1930.

Looking at the Average Tariff Rate in Australia Since 1930