The Import Tariff Rates Are Typically Higher on Final Consumption

question 29

Multiple Choice

The import tariff rates are typically higher on final consumption goods than on intermediate goods and raw materials sold to manufacturing firms. This tendency is known as:

• A)the tariff escalation pattern.
• B)the terms of trade effect.
• C)the spillover effect.
• D)the sudden-damage effect.

---

Definitions:

Naturalist Intelligence

One of Howard Gardner's multiple intelligences, characterized by an ability to recognize, categorize, and draw upon certain features of the environment.

Existential Intelligence

The capacity to ponder deep questions about human existence such as the meaning of life, why we die, and how we got here.

Convergent Thinking

A cognitive approach involving the bringing together of different ideas to determine the single best solution to a given problem.

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a fundamental mechanism for understanding complex scenarios.