The system wherein the nominal tariff rates on imports of manufactured goods are higher than the nominal tariff rates on intermediate inputs and raw…
CA Foundation · Business Economics · PYQS · January 2025
The system wherein the nominal tariff rates on imports of manufactured goods are higher than the nominal tariff rates on intermediate inputs and raw materials is known as __________.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Escalated tariff
Topics: International Trade
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