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14 Feb 2018

The effective rate of protection on a product will be less than the nominal tariff rate if?

the tariff on the good is less than the tariff on imported inputs used to produce the good.

a = 1

the tariff on the good is greater than than the tariff on imported inputs used to produce the good.

the good is a primary product.

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Lelia Lubowitz
Lelia LubowitzLv2
16 Feb 2018
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