Looking at the Average Tariff Rate in Australia Since 1930

question 6

Multiple Choice

Looking at the average tariff rate in Australia since 1930, we see that

• A) tariff levels have remained high, at over 50 per cent throughout the period.
• B) tariffs have trended downward for most of the period.
• C) while we talk about free trade, tariff levels have risen over the last 30 years.
• D) at first tariffs declined, but have recently risen.
• E) tariffs were made illegal in Australia in 1955.

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Definitions:

Chancellor

Historically, a senior state or legal official. In some jurisdictions, it refers to a judge in a court of chancery or equity.

Administrator

A person appointed by a court to manage and distribute the estate of a deceased person without a will.

Dissenting Opinion

A rephrased definition: An alternative opinion issued by a judge who disagrees with the majority's conclusion in a legal case.

Judge

An official appointed to decide cases in a court of law and to administer justice according to the law.