As Globalization Tends to Increase the Proportion of Imported Inputs

question 19

Multiple Choice

As globalization tends to increase the proportion of imported inputs relative to domestically supplied components

• A)the nominal tariff automatically decreases.
• B)the amount of tariffs levied increases.
• C)the nominal tariff automatically increases.
• D)the rate of (effective)protection automatically decreases.
• E)the rate of (effective)protection automatically increases.

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Definitions:

Slide

An error in which the entire number is moved one or more spaces to the right or the left, such as writing $542.00 as $54.20 or $5,420.00.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Posting

The act of recording financial transactions in the ledger of an accounting system.

Transaction

An agreement or exchange between two parties that involves the buying, selling, or trading of goods, services, or financial instruments.