The effective rate of protection
Options:
| a. distinguishes between tariffs that are effective and those that are ineffective b. is the minimum level at which a tariff becomes effective in limiting imports c. shows how effective a tariff is in raising revenue for the government d. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms |
The Correct Answer Is:
d. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms