Which of the following statements is u>incorrect with respect to the rate of effective protection?
A) For given values of aᵢ and tᵢ, g is larger the greater is t.
B) For a given value of t and tᵢ, g is larger the greater is aᵢ.
C) The rate of effective protection, g, exceeds t when tᵢ is less than t.
D) When aᵢtᵢ exceeds t, the rate of effective protection is positive.
Correct Answer:
Verified
Q1: If a small nation increases the tariff
Q2: Which of the following statements is incorrect?
A)An
Q3: The imposition of an import tariff by
Q4: A small nation is one which must
Q6: With aᵢ=50%,tᵢ=0,and t=20%,g is:
A) 40%
B) 20%
C) 80%
D)
Q7: The imposition of an import tariff by
Q7: The optimum tariff is the tariff rate
Q8: In general,for the last 50 years tariff
Q9: The imposition of an import tariff by
Q13: The optimum tariff for a small nation
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