In a typical structure of protection in developed countries, raw commodities frequently have a ___ tariff.

Name: In a typical structure of protection in developed countries, raw commodities frequently have a ___ tariff.
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

Raw commodities typically have a low tariff in developed countries to keep the cost of inputs for manufacturing processes low. This encourages the import of these commodities for further processing and value addition.

In a Typical Structure of Protection in Developed Countries, Raw