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When Material Inputs Enter a Country at a Very Low

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When material inputs enter a country at a very low tariff while the final imported product is protected by a high tariff, the result tends to be a high rate of protection for domestic producers of the final product.


Definitions:

Data Item

A piece of data, often representing a basic unit of information or a value in a database or data structure.

Computer

An electronic device that can be programmed to perform a variety of tasks through the execution of stored instructions or software.

Volatile

A keyword used in programming languages to indicate that a variable's value may be changed by elements outside of the control of the program.

Main Memory

The primary volatile memory in a computer where programs and data in current use are kept so they can be quickly reached by the computer's processor.

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