High Tariffs on Intermediate Inputs

question 1

Multiple Choice

High tariffs on intermediate inputs

• A)increase the effective rate of protection on final goods.
• B)have no impact on the effective rate of protection on final goods.
• C)decrease the effective rate of protection on final goods.
• D)lower the nominal rate of protection on final goods.
• E)raise the nominal rate of protection on final goods.

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Definitions:

Other Cultures

Refers to the customs, beliefs, arts, institutions, and all other products of human work and thought created by people not belonging to one's own culture.

Listening Barrier

Anything that interferes with the ability to accurately perceive and interpret messages during the listening process.

Social Decentering

The cognitive process in which an individual strives to understand another person's perspective or point of view.