Effective rate of protection is defined as
| A. |
The extent, in percentages of which the domestic price of impopted goods exceeds what their price would be in the
absence of protection
|
| B. |
Difference between value added at a particular stage of processing in domestic prices and value added in world
price expressed as a percentage of latter
|
| C. |
Difference between value added in world prices and value added in export market
|
| D. | None of the above |
|
Option: D Explanation : Click on Discuss to view users comments. |
| A. | Total factor supplies |
| B. | Demand for output |
| C. | Capital output ratios |
| D. | Investment output ratios |
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Option: A Explanation : Click on Discuss to view users comments. |
| A. | More |
| B. | Less |
| C. | positively |
| D. | Negatively |
|
Option: A Explanation : Click on Discuss to view users comments. |
| A. | Converge |
| B. | Diverge |
| C. | Stable |
| D. | Fluctuate |
|
Option: A Explanation : Click on Discuss to view users comments. |
Optimal tariff rate equals
| A. | Elasticity of foreign supply of our imports |
| B. |
Reciprocal of the elasticity of foreign supply of our imports
|
| C. | Inelasticity of foreign supply of our imports |
| D. | Reciprocal of consumption effect of tariff |
|
Option: B Explanation : Click on Discuss to view users comments. |
