When a Government Allows Raw Materials and Other Intermediate Products

question 39

Multiple Choice

When a government allows raw materials and other intermediate products to enter a country duty free,its tariff policy generally results in a:

• A) Effective tariff rate less than the nominal tariff rate
• B) Nominal tariff rate less than the effective tariff rate
• C) Rise in both nominal and effective tariff rates
• D) Fall in both nominal and effective tariff rates

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Definitions:

Mistakes

Actions or decisions that are wrong or incorrect, often leading to undesirable outcomes.

Cellular Clock Theory

A theory suggesting that aging is controlled by biological clocks operating at the cellular level, determining the lifespan of organisms.

Aging

the process of becoming older, which is characterized by a gradual decline in physical and sometimes mental capacity.

Reproduce

The biological process by which new organisms are generated, often referring to the sexual or asexual means of producing offspring.