Q. The effective rate of protection (Solved)
1. distinguishes between tariffs that are effective and those that are ineffective
2. is the minimum level at which a tariff becomes effective in limiting imports
3. shows how effective a tariff is in raising revenue for the government
4. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
- d. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms