Question
1. Suppose that a nation reduces import tariffs on raw materials and intermediate products but not on finished products. What effect will this have on the rate of effective protection in a nation? Give an example by using the Rate of Effective Protection formula.

Leave a Reply

Your email address will not be published. Required fields are marked *

Question
1. Suppose that a nation reduces import tariffs on raw materials and intermediate products but not on finished products. What effect will this have on the rate of effective protection in a nation? Give an example by using the Rate of Effective Protection formula.

Leave a Reply

Your email address will not be published. Required fields are marked *