Multiple Choice
When a government allows raw materials and other intermediate products to enter a country duty free,its tariff policy generally results in a:
A) Effective tariff rate less than the nominal tariff rate
B) Nominal tariff rate less than the effective tariff rate
C) Rise in both nominal and effective tariff rates
D) Fall in both nominal and effective tariff rates
Correct Answer:
Verified
Correct Answer:
Verified
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