The effective rate of protection is
(a) value added with protection divided by value added without protection.
(b) value added with protection.
(c) value added without protection.
(d) (value added with protection minus value added without protection) divided by value added without protection.
D
Economics
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Which statement best describes the current account balance in the short run?
A) Monetary expansion lowers the current account balance. B) Monetary expansion keeps the current account balance the same. C) Fiscal expansion increases the current account balance. D) Fiscal expansion keeps the current account balance the same. E) Monetary expansion increases the current account balance.
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