When a Government Allows Raw Materials and Other Intermediate Products

question 1

Multiple Choice

When a government allows raw materials and other intermediate products to enter a country duty free,this generally results in a(an)

• A)fall in both nominal and effective tariff rates.
• B)rise in only the effective tariff rate.
• C)rise in both nominal and effective tariff rates.
• D)nominal tariff rate less than the effective tariff rate.
• E)effective tariff rate less than the nominal tariff rate.

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Definitions:

Contingent Reward

A reinforcement strategy where rewards are given based on the achievement of specific criteria or performance.

Self-Perception Errors

Mistakes made when individuals evaluate their own behavior and qualities, often leading to inaccuracies in self-assessment.

Overjustification Effect

A phenomenon where providing excessive external rewards for an already internally rewarding activity can lead to a reduction in intrinsic motivation.

Cognitive Process

The mental actions or operations involved in acquiring knowledge and understanding through thought, experience, and the senses.