Examlex
The effective rate of protection is a weighted average of nominal tariffs and tariffs on imported inputs. It has been noted that in most industrialized countries, the nominal tariffs on raw materials or intermediate components or products are lower than on final-stage products meant for final markets. Why would countries design their tariff structures in this manner?
Who tends to be helped, and who is harmed by this cascading tariff structure?
Vitamin
Organic compounds that are essential in small amounts for the body to function properly, often obtained through diet.
Gastrin
A hormone produced by the stomach that stimulates the secretion of gastric acid.
Secreted
Refers to the process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.
Glucose
A simple sugar and important energy source in living organisms, serving as a primary cellular fuel.
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