Question
Supposing that a nation reduces import tariffs on raw materials and intermediate products but not on finished products. What is the effect of such policy
Supposing that a nation reduces import tariffs on raw materials and intermediate products but not on finished products. What is the effect of such policy on the rate of effective protection in that nation? (State assumptions, if any.)
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
