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:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Scheduling Activities

The process of planning, arranging, and organizing tasks or events over a specific time period.

Exploding

A rapid increase in volume or intensity, often used metaphorically to describe emotions or situations.

Pie Chart

A circular graph used to illustrate how different sections share a proportion of the whole, with each "slice" representing a category.