770EconomicsMedium
The effective rate of protection?
Adistinguishes between tariffs that are effective and those that are ineffective
Bshows how effective a tariff is in raising revenue for the government
Cshows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
Dis the minimum level at Which a tariff becomes effective in limiting imports?
Correct answer
C. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
Explanation
The correct answer is shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms.