When a Tariff on Imported Inputs Exceeds That on the Finished

question 13

Multiple Choice

When a tariff on imported inputs exceeds that on the finished good,

• A) The nominal tariff rate on the finished product would tend to overstate its protective effect
• B) The nominal tariff rate would tend to understate it's protective effect
• C) It is impossible to determine the protective effect of a tariff
• D) Tariff escalation occurs

---

Definitions:

Stereotype Threat

The fear that a stereotype might be true of oneself or that one will be judged by that stereotype.

Self-Efficacy

Beliefs about our ability to exercise control over events, especially our ability to be successful after failure, criticism, or other challenges.

Workplace

A location or context where individuals engage in professional or vocational activities, typically outside of the home.

Predictive Research

A research methodology focused on forecasting future events or behaviors by analyzing current and historical data.