Multiple Choice
When a tariff on imported inputs exceeds the tariff on the finished good,
A) the nominal tariff rate on the finished product would tend to overstate its protective effect.
B) the nominal tariff rate on the finished product would tend to understate it's protective effect.
C) it is impossible to determine the protective effect of a tariff on the finished product.
D) the tariff on the finished good would have significant protective effects.
Correct Answer:
Verified
Correct Answer:
Verified
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