As Globalization Tends to Increase the Proportion of Imported Inputs

question 27

Multiple Choice

As globalization tends to increase the proportion of imported inputs relative to domestically supplied components

• A) the nominal tariff automatically increases.
• B) the rate of (effective) protection automatically decreases.
• C) the nominal tariff automatically decreases.
• D) the rate of (effective) protection automatically increases.
• E) the amount of tariffs levied increases.

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Definitions:

Technological Qualification

The skills and knowledge required to effectively work with and understand technology within a specific field or job role.

Postmodernity

A socio-cultural and historical period that is characterized by the emergence of new forms of social life and understanding after modernity, often focusing on scepticism towards grand narratives and emphasizing plurality and diversity.

Postindustrial Societies

Societies marked by a transition from a manufacturing-based economy to a service-based economy, emphasizing information and services over industrial production.

Information Management

The process of collecting, storing, managing, and distributing information in a systematic and controllable manner.