Suppose That a Country's "Unweighted-Average (Nominal) Tariff Rate" (Call It

question 16

Multiple Choice

Suppose that a country's "unweighted-average (nominal) tariff rate" (call it "t_U") and "weighted-average (nominal) tariff rate" (call it "t_W") are calculated both with and without the inclusion of prohibitive tariffs, and that the country does in fact have some prohibitive tariffs. In this situation, the t_U that includes the prohibitive tariffs __________ the same as the t_U that excludes the prohibitive tariffs, and the t_W that includes the prohibitive tariffs __________ the same as the t_W that excludes the prohibitive tariffs.

• A) would not be; would not be
• B) would not be; would be
• C) would be; would not be
• D) would be; would be

---

Definitions:

Association Is Causation Fallacy

The association is causation fallacy occurs when a correlation between two variables is mistaken for a causal relationship, without sufficient evidence to support such a claim.

Secondary Effects

Unintended consequences of economic actions, which can be positive or negative and occur as indirect results.

Economic Actions

Measures and decisions taken by individuals, firms, or governments that affect the allocation of resources and distribution of goods and services in an economy.

College Graduates

Individuals who have completed a degree program at a college or university.