Effective rates of protection in developing countries typically:

Question

Quizplus · Accepted Answer

Effective rates of protection in developing countries are usually very high for manufactured consumer goods, which means that these goods are being protected by high tariffs or other trade barriers that make them more expensive compared to imported goods. At the same time, different industries may have different levels of protection, with some being more protected than others. Finally, protecting the manufacturing sector often means that the agricultural sector is discriminated against, as resources are diverted away from agriculture towards industry. Therefore, all of the above statements are correct.

Effective Rates of Protection in Developing Countries Typically