When a Tariff on Imported Inputs Exceeds the Tariff on the Finished

question 47

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.

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A concept often associated with fulfillment, happiness, prosperity, and well-being.

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Products or items that are durable and designed to stand the test of time, not requiring frequent replacement.

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