Tariff escalation results from:
A) tariffs increasing as the percent of the value of product imported decreases.
B) low tariffs on imported inputs and high tariffs on imported final products.
C) tariffs increasing on fuel products whose value is higher than the products produced domestically.
D) high tariffs on imported inputs and low tariffs on imported final products.
E) The existence of FAS tariffs.

Question

Quizplus · Accepted Answer

Tariff escalation refers to the practice of imposing lower tariffs on raw materials and higher tariffs on finished products. This encourages domestic processing of raw materials and protects domestic industries.

Tariff Escalation Results From