If Brazil imposes a 50% tariff on automobiles and a 25% tariff on motors,the effective rate of protection on autos is
A) higher than the nominal rate of protection on autos.
B) need more information to answer.
C) lower than the nominal rate of protection on autos.
D) equal to the nominal rate of protection on autos.
Correct Answer:
Verified
Q4: Most tariffs have
A)only revenue effects.
B)only protective effects.
C)both
Q5: _ gains from trade refer to the
Q6: If Canada imposes a tariff on bananas
Q7: Answer the question(s)below based upon the following
Q8: Specific tariffs are collected as
A)fixed amounts of
Q10: In developed countries,tariffs on raw materials tend
Q11: A prohibitive tariff has
A)only revenue effects.
B)only protective
Q12: Answer the question(s)below based upon the following
Q13: A country gains from international trade if
Q14: If a tariff on bikes causes domestic
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