Nominal rates of protection
A) are always greater than effective rates of protection.
B) are always smaller than effective rates of protection.
C) refer to the tariffs placed on intermediate goods used to make the final good or service.
D) cannot be negative.
D
Economics
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The policy in which industrial production is oriented towards foreign consumers is called
A. import substitution. B. export orientation. C. import promotion. D. export promotion.
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Purchasing power parity explains how exchange rates cause price differences between two countries
a. True b. False Indicate whether the statement is true or false
Economics