Developing Nations Often Maintain That Industrial Countries Permit Raw Materials

question 110

Multiple Choice

Developing nations often maintain that industrial countries permit raw materials to be imported at very low tariff rates while maintaining high tariff rates on manufactured imports.Which of the following refers to the above statement?

• A) Tariff-quota effect
• B) Nominal tariff effect
• C) Tariff escalation effect
• D) Protective tariff effect

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Definitions:

Articles of Confederation

The Articles of Confederation served as the first constitution of the United States, providing a framework for national government before being replaced by the U.S. Constitution.

Second Continental Congress

A convention of delegates from the Thirteen Colonies that started meeting in 1775, during the American Revolution, which eventually declared independence from Britain.

Commander-In-Chief

The role of the President of the United States as the supreme commander of the military forces of the country and of the state National Guard units when they are called into federal service.

Establishing an Army

The act of organizing and instituting a military force capable of defending a country or participating in military operations.