Which of the following is defined as the percentage by which the entire set of a nation's trade barriers raises an industry's value added per unit of output?
A)One-dollar, one-vote metric
B)Revenue effect
C)Effective rate of protection
D)Terms-of-trade effect

Question

Quizplus · Accepted Answer

Effective rate of protection is the percentage increase in value added per unit of output that results from trade barriers.

Which of the Following Is Defined as the Percentage by Which