Examlex
Is it possible for a low nominal tariff rate to understate the effective rate of protection? What is tariff escalation?
Mere Exposure Effect
A psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.
Self-Fulfilling Prophecy
A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.
Familiar Brand Name
A brand name that is well known among consumers, often because of extensive marketing or long-term presence in the market.
Mere Exposure Effect
A psychological phenomenon whereby people tend to develop a preference for things merely because they are familiar with them.
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